2 Leases 1 Apartment
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2 Leases 1 Apartment (by rentON [PA]) Feb 12, 2018 11:45 AM
       2 Leases 1 Apartment (by Johnny B. [MA]) Feb 12, 2018 11:52 AM
       2 Leases 1 Apartment (by S i d [MO]) Feb 12, 2018 11:58 AM
       2 Leases 1 Apartment (by rentON [PA]) Feb 12, 2018 12:01 PM
       2 Leases 1 Apartment (by Ken [NY]) Feb 12, 2018 12:37 PM
       2 Leases 1 Apartment (by NC INVESTOR [NC]) Feb 12, 2018 12:39 PM
       2 Leases 1 Apartment (by Carolyn [MO]) Feb 12, 2018 3:03 PM
       2 Leases 1 Apartment (by cjo'h [CT]) Feb 12, 2018 4:41 PM
       2 Leases 1 Apartment (by NC INVESTOR [NC]) Feb 12, 2018 6:10 PM
       2 Leases 1 Apartment (by Ray-N-Pa [PA]) Feb 15, 2018 5:07 AM

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2 Leases 1 Apartment (by rentON [PA]) Posted on: Feb 12, 2018 11:45 AM
Message:

Is it possible to have 2 leases for the same unit? Here's the scenario.

Lease 1

Tenant A signs a lease and Mom and Dad also sign.

This is a 1 year lease.

.

Lease 2

Tenant B (new fried of Tenant A) signs a separate lease agreement for the same property with the same lease expiration term as Lease 1. Tenant B passed the screening and would qualify individually.

Is it OK to have 2 "separate" leases for the same unit?

--67.165.xx.xx




2 Leases 1 Apartment (by Johnny B. [MA]) Posted on: Feb 12, 2018 11:52 AM
Message:

If tenant B passed on their own, why do you still need the co-signer for tenant A? Id have one lease, both tenants held joint and several. --24.147.xx.xxx




2 Leases 1 Apartment (by S i d [MO]) Posted on: Feb 12, 2018 11:58 AM
Message:

Legally, I'd say this is creating a mess. For example, I assume that since Mom and Dad are also signed onto the lease they are financially responsible for any damages to the property since they "co-signed" for Tenant A. That means they have rights, possibly rights to exclude folks not on the lease from being residents.

But if Tenant B also has a lease, do his rights run concurrent to, supersede, or are they "subject to" the original lease with Tenant A and his parents?

I know folks make up stuff like this all the time, and in most cases it probably doesn't cause any major problems. Where is DOES cause problems is if Tenant B does something dumb like set your house on fire. Parents of Tenant A may say they are not responsible because the land lord unilaterally modified the contract without their written consent and allowed someone else whom they did not approve of to have rights to the property.

So...if it were me, I'd get written agreement of all parties to add Tenant B on as a jointly and severally liable tenant. Or if Tenant A's parent are intelligent, they'll realize there is no way in heck they wan to be financially responsible for Tenant B's possible shenanigans and will demand to be removed from the lease, in which case you just have a new lease with Tenant A and B. --173.17.xx.xx




2 Leases 1 Apartment (by rentON [PA]) Posted on: Feb 12, 2018 12:01 PM
Message:

Sorry, I didn't clarify enough.

Tenant A moved in October, 2017. Lease term 10/17-9/18

Tenant B would be moving in March, 2018. Lease term 3/18-9/18. --67.165.xx.xx




2 Leases 1 Apartment (by Ken [NY]) Posted on: Feb 12, 2018 12:37 PM
Message:

That is creating a mess,just add them to the current lease --72.231.xxx.xxx




2 Leases 1 Apartment (by NC INVESTOR [NC]) Posted on: Feb 12, 2018 12:39 PM
Message:

I certainly wouldn't make it a second lease. I would amend the original lease by adding the second tenant. As for co-signers they sign a master guarantor addendum to the lease. --71.75.xx.xx




2 Leases 1 Apartment (by Carolyn [MO]) Posted on: Feb 12, 2018 3:03 PM
Message:

I would use a short lease addendum that both old and new renters sign. It would include their being jointly and severally liable and indicate how the security deposit is being paid and how it will be handled at the end.

Also I would clarify in separate addendum also signed by the cosigners of the cosigner role in this new situation. --136.33.xx.xx




2 Leases 1 Apartment (by cjo'h [CT]) Posted on: Feb 12, 2018 4:41 PM
Message:

Why is your lease not on a monthly basis?.............charlie........strange.................................very strange.... --174.199.x.xxx




2 Leases 1 Apartment (by NC INVESTOR [NC]) Posted on: Feb 12, 2018 6:10 PM
Message:

CHARLIE: Why monthly? How is that a benefit? --71.75.xx.xx




2 Leases 1 Apartment (by Ray-N-Pa [PA]) Posted on: Feb 15, 2018 5:07 AM
Message:

Sounds like someone is trying to scam a social service agency.......which could suck you into trouble --24.101.xxx.xxx



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