Registered: 1336626099 Posts: 2
Reply with quote #1
I rented a condo to a couple with both names on lease. They have split up and one left. The remaining tenant wants to continue in the condo but wants to redo the lease on his own, but they have 9 months left on the lease term. With a security deposit involved and the legal obligation that the other tenant committed to I think the right thing to do is keep the original tenants on the lease but I don't want to alienate the responsible tenant. I would like any suggestions on how to handle.
Registered: 1323412494 Posts: 445
Reply with quote #2
did you receive notice from the tenant that left? If not-- they are still on the hook
does the remaining tenant qualify by them self for unit -3x rent in income?
I the remaining tenant a good tenant? If so and you want to keep them, you could ; end old lease - write out deposit refund to both old tenants- and have the remaining tenant give you new deposit with new lease.
Registered: 1337591364 Posts: 9
Reply with quote #3
I thinks this is right and the Tenant is living yet is good , this advice is right and I also have such type of the problem may i can do this Because I rented a house two Tenant and one of the left before the agreement time .Property management albuquerque is a property related all information. If you have more information about two tenant rental and one left share it need .
Registered: 1356348233 Posts: 86
Reply with quote #4
The landlord or the tenant do not want to have the lease continue One roommate wants to move out during the fixed term .
Registered: 1398510123 Posts: 14
Reply with quote #5
I don't think you should give into his/her demands. You're the landlord and the fight is between THEM.
__________________ John Reider Properties
Registered: 1472458441 Posts: 3
Reply with quote #6
Yes, but you can't expect them to stay together either. You also can't leave the contract the way it is currently - maybe the tenant who left will want to rent a new place, who knows. Correct me if I'm wrong, but you cannot rent two homes at the same time?
The right thing (however uncomfortable it may seem) is to terminate the previous contract and sign a new one with the remaining tenant and new conditions, as Marytmary1978 said. It sucks, but that's life.
Registered: 1169270040 Posts: 3,733
Reply with quote #7
You absolutely CAN leave the lease as it is currently. A tenant can rent two places (and be responsible for both). Leases are legal contracts. They entered into the contract and it is up the the tenants to negotiate an exit strategy, just as they negotiate a divorce or any other breakup. You also cannot just terminate the previous contract, easy though it sounds. The tenant who left may not have done so by their own free will. They may have been forced out. You cannot terminate their rights, nor responsibilities, so easily.
IF ALL parties agree on who wants to leave and who wants to stay, and IF the remaining tenant qualifies on his own, then write up a termination agreement that EVERYONE signs. The departing tenant and remaining tenant need to agree on what to do with the deposit. I don't release deposits until all parties move out. So the remaining tenant would need to pay the departing tenant for their share of the deposit. The departing tenant needs to sign a release stating they no longer have any right to the deposit. If this is not done, the deposit stays with me until the last tenant moves out. Then the deposit gets made out to BOTH tenants jointly (Tenant A AND Tenant B). Both must sign to cash it. It then becomes the remaining tenant's problem to find the old roommate to get their signature to cash the check.