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Updated over 11 years ago on . Most recent reply

User Stats

346
Posts
93
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Gabe G.
  • Greenwood, IN
93
Votes |
346
Posts

Problem with tenants, questions

Gabe G.
  • Greenwood, IN
Posted

I just recently leased my recent purchase to a couple with kids.

This weekend I got a call and that their relationship isnt going well, and the guy will be moving out. He made most of the income(of course), she has all the kids(of course), she gets some child support and is looking for full time employment, though supposly has help from parents etc to make rent if needed. She definitly doesnt meet income limits. She likes the house and wants to stay and says she can afford it(though i dont know how).

So she wants to sign a lease with only her name and I tear up the old lease(with both of their names on it)

I could do that, or I could maintain we must keep the original lease so I have another person to go after if need be.

Or I could say she can't stay because she doesnt meet income limits and then try and rent to someone else.

Anybody have any advice?

Thank you,

Most Popular Reply

Account Closed
  • Investor
  • Baltimore, MD
688
Votes |
1,368
Posts
Account Closed
  • Investor
  • Baltimore, MD
Replied

Option b. they signed the lease so tough titties. One doesn't pay, they both owe. They break the lease, they are accountable for the financial ramifications. Keyword to note, they

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