Multiple Tenants different lease terms?
Hi, I have multiple tenants on a 12-month lease that is up for renewal. One of them only want to stay for 6 months, but the other two want to stay for 12 months. Any advice on how I should handle the renewal?
- Has anyone created a lease that made all parties jointly responsible, but allowed one to stay for, say, 6 months, and after the 6 months, the tenants staying for 12 months become the only responsible parties?
- Do you have any example language to put in the lease or as an addendum?
- How would you handle the deposit that was given when they signed the first lease?
- How would you handle move out inspection?