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Updated over 9 years ago on . Most recent reply presented by

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129
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Kurt Gardner
  • Investor
  • Maryville, IL
81
Votes |
129
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Tenants divorcing...now what?

Kurt Gardner
  • Investor
  • Maryville, IL
Posted

I will add the caveat, "I know this is not a forum of lawyers, and this in no way constitutes legal advice.  For legal inquiries, I should consult a lawyer."  There...

I am looking for anecdotal stories about what you might have dealt with in the past with a divorcing couple on a rental agreement.

I have a M2M agreement signed by both parties (and a co-signer - wife's parents).  Husband is leaving and wants off the lease once he is out. 

I have several thoughts on how to handle this, and I'd like to hear from those who've encountered a similar situation.

Thank you for the STORIES (not lawyering)!

Most Popular Reply

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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,303
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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

Kurt:

Can the wife - with her guarantor - carry the financial obligations of the lease on her own?

If so, execute a change of lease and, to be shining landlord, once he's out, offer to change the locks.

If not, expect (or ask for) notice from both parties and prepare for turn-over.

  • Roy N.
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