Multiple non-related people want to rent...aka Animal house?

Question

I have a 4 bedroom rental that mutiple non-related people want to rent.

My question is: how do I rewrite my current lease aggrement? Do I need to rewrite it?

There are blanks for all non-related people in it already. Every renter would get a credit check, etc.

Is there anything else my PM needs to do?

Thanks in advance... :D

Kathy V. · Answer

Thanks Matt. Pretty straight forward.

Matt R. · Answer

Hi Kathy, if you have a decent lease it shouldn't matter if there are 4 members of the same family, or 4 unrelated people.

Everyone's name goes on the lease.

They all get credit and history checked.

They are all responsible (jointly) for the deposit and the rent. It's not your business to work with them on splitting the rent or the deposit.
If one guy is tardy with his portion of the rent, that's not your problem. If the rent is not paid in full to you by the agreed date, they are all under notice to Pay or Quit.

Multiple non-related people want to rent...aka Animal house?

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