lease addendum
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
lease addendum (by Jane [MI]) Oct 12, 2021 11:06 AM
       lease addendum (by opm [OR]) Oct 12, 2021 11:35 AM
       lease addendum (by Vee [OH]) Oct 12, 2021 12:29 PM
       lease addendum (by Jane [MI]) Oct 12, 2021 12:51 PM
       lease addendum (by DJ [VA]) Oct 12, 2021 2:23 PM
       lease addendum (by Jane [MI]) Oct 12, 2021 4:14 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

lease addendum (by Jane [MI]) Posted on: Oct 12, 2021 11:06 AM
Message:

I have a rental in a college area where a group of 4 will be signing a lease. My lease states the rent due for the group, however two students will be paying the entire rent at the beginning of the lease out of their 529. I'm looking for wording for an addendum for the two students

thanks

--108.208.xx.xx




lease addendum (by opm [OR]) Posted on: Oct 12, 2021 11:35 AM
Message:

Hi Jane.. I'd suggest using the term equally and severaly

so they are all to include a co signer, responsable in every way.

All tenants and roommates and guarantors, are ‘equally and severally’ responsible for their performance under the entire agreement, addendums, laws and statutes.

The landlord has the option of seeking payment from all or any individual tenant/s and or the guarantor, and reporting breaches to the public records companies or credit bureaus.

--166.181.xxx.xx




lease addendum (by Vee [OH]) Posted on: Oct 12, 2021 12:29 PM
Message:

I would not start an addendum, just follow the lease -all monies are due by 5pm on the first-, keep it simple as possible so nobody can sneak away from getting eviction into their name. --76.188.xxx.xxx




lease addendum (by Jane [MI]) Posted on: Oct 12, 2021 12:51 PM
Message:

Thank you --108.208.xx.xx




lease addendum (by DJ [VA]) Posted on: Oct 12, 2021 2:23 PM
Message:

I would keep the prepaid rent in a separate account, and take it each month as it is due. Combined with the balance paid by the other two, it will equal the total amount.

A bit more book-keeping, but it should work alright. I'm sure you are getting premium rent from the group of 4 (as opposed to a family) to compensate you for the extra work. --68.229.xxx.xxx




lease addendum (by Jane [MI]) Posted on: Oct 12, 2021 4:14 PM
Message:

Yes, my lease states severally. All great suggestions. Thank you. --108.208.xx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: lease addendum
Your Name:
Your State:

Message:
lease addendum
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: