Sharers Fall Out

February 2nd, 2017

This is a common problem in apartment sharing.

Two people who are friends, but have never lived together before, often decide to rent a property together as joint Tenants without really understanding that they are becoming jointly and severally responsible for themselves and each other’s actions.

In these instances, although being sharers in a single household, they are both treated as equally binding Tenants in the eyes of the law — so if one tenant does not pay, they both share the debt. That being said, it is often advisable to Landlords that tenancies are amicably terminated if debt starts to rack up or communications may break down between the sharers which would exacerbate issues. Every situation should be judged on its own merits, but this is something that should be considered if the instance arises.

Click here to find out what Scott Haverly, from TMLA (Property Consulting & Surveying), has to say about this.
TLMA provides professional services in the areas of Residential Property, Landlord Tenant, Inventory, Inspections Services, and Residential Sales.

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