Sharing Tenants, Swapping Tenants

January 1st, 2017

This can be very tricky. You will often get 2 people sharing an apartment or house.

One may often decide to leave earlier than the other so the remaining tenant will need a replacement. In this case, Landlords may be tempted to simply treat the new occupier as a new tenant. It is advised that any changes to occupants sharing tenancy should be considered as a new tenancy — not “old tenant, new tenant”.

This means both need to be involved in signing new room agreements, new deposits, management of the old deposits, new inventory, and if necessary new terms such as a change in rent. Getting all the ducks in a row in this instance, and making sure legal responsibilities are mutually renewed, can be tricky and time-consuming but helps avoids exacerbating issues down the line.

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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