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Tenants divorcing...now what?
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)!
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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.