 lease wording shred space (by Liz [FL]) Feb 18, 2014 9:37 AM
 lease wording shred space (by Elizabeth [MI]) Feb 18, 2014 10:57 AM
lease wording shred space (by S i d [MO]) Feb 18, 2014 12:25 PM
lease wording shred space (by Carolyn [MO]) Feb 18, 2014 1:25 PM
lease wording shred space (by John... [MI]) Feb 18, 2014 1:45 PM
lease wording shred space (by Cal [NY]) Feb 18, 2014 5:59 PM
lease wording shred space (by Shaun [FL]) Feb 19, 2014 12:09 PM
lease wording shred space (by Liz [FL]) Posted on: Feb 18, 2014 9:37 AM
Message:
State Specific Question About: FLORIDA (FL)
How to word a lease for 2 tenants sharing part of the space, and how to make each tenant motivated/responsible for payment
--69.244.xxx.xxx |
lease wording shred space (by Elizabeth [MI]) Posted on: Feb 18, 2014 10:57 AM
Message:
We do a lease for each....Each responsible for the whole rent, with the understanding that the rent isn't doubled...they are just each responsible for the entire amount. I just tell them that it is so if one of them moves out, I am not responsible for finding a new roommate for the remaining person. We've never had anyone question it. --97.88.xxx.xxx |
lease wording shred space (by S i d [MO]) Posted on: Feb 18, 2014 12:25 PM
Message:
Add this to your lease:
"Each person signing this lease is JOINTLY and SEVERALLY liable for the entire rent, fees, damages, payments and any other money due under this lease for the entire duration of the lease and any extension thereof." --108.250.xxx.xxx |
lease wording shred space (by Carolyn [MO]) Posted on: Feb 18, 2014 1:25 PM
Message:
I do the same as S i d, with a jointly and severally responsible clause.
--108.238.xxx.xxx |
lease wording shred space (by John... [MI]) Posted on: Feb 18, 2014 1:45 PM
Message:
Elizabeth: You do a lease FOR EACH but with the entire amount?? Why not just have a normal lease with two people on it with a joint and several clause like pretty much every other lease in the world?
There are exceptions for renting ROOMS and such -- but this doesn't sound like that situation.
- John...
--216.111.xxx.xx |
lease wording shred space (by Cal [NY]) Posted on: Feb 18, 2014 5:59 PM
Message:
Yes agree with the above UNLESS you are having each tenant only responsible for their portion (like Joey is responsible for $250 and Beth is responsible for $250). However, when Beth moves out - is Joey's rent still $250? If so - then that works - if not - then don't and you should use the Jointly and Severally.
I use one lease with all parties named on the lease (and have the JOINTLY and SEVERALLY included). If Joey and Beth want to make sure that the $500 per month rent payment is split between them - that is THEIR problem not YOURS. THEY should draw up a contract/agreement between themselves that says that. You stay out of that part.
That's what I tell my tenants when they are 'friends' moving in. Some do it - most I'm sure do not.
I have two girls right now that each pay me separately - the problem is when one doesn't pay the other one (that did pay) is getting upset with me because "SHE" is not late - I have to remind her that they both are late. I only received half of the rent - not the full amount. I evict both, not one (unless she wants to pay the other amount).
They don't get it still - going to evict tomorrow :) --74.78.xxx.xxx |
lease wording shred space (by Shaun [FL]) Posted on: Feb 19, 2014 12:09 PM
Message:
Like Sid said
... is JOINTLY and SEVERALLY liable for the entire rent, fees, damages, payments and any other money due under this lease for the entire duration of the lease and any extension thereof."
If you are having separate leases b/c being in a college area... and basically renting bedrooms separately, then you really can't hold the one T to a increased rent b/c the other T moved. However, if this is your line of thought than you can re-rent the vacant bedroom without the other T's input.
I too live in a college area, but I do one lease and ONE payment and everyone is
is JOINTLY and SEVERALLY liable. --205.223.xxx.xx |
Reply:
|
|