Re: Multiple Tenants, One wants to move out - Landlord Forum thread 247018

Re: Multiple Tenants, One wants to move out by ERIC on February 3, 2012 @10:35

Very common with roommates. When one is voted off the island, get a lease termination signed by all that are on the original lease.

Let them handle the deposit between themselves, do not refund any until the place is vacant. Put that clause on the termination agreement. This is not a gray area.

Let your tenants find their own new roommate. You can help advertise, but let them handle calls. Define the rules. Step in when they think they have a compatible one. Screen any new tenants for criminal, and credit. If the credit does not pass, you already have the ones that are paying, so it is less important.

You are in the beginning stages of getting less rent. You need to determine a plan to get a new tenant and replace all of the roommates. Soon, you will only get 3/4 of the rent.

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