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    jam425's Avatar
    jam425 Posts: 3, Reputation: 1
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    #1

    Jun 27, 2009, 04:07 PM
    Lease addendum - one tenant moving; the other stays
    I've got a tenant who's moved out but the co-tenant has agreed to stay on and take over the lease. I'm OK with this since he makes enough to cover the entire rent. Can I simply write up a short addendum that says I'm removing the name of the tenant who has moved out? Do both parties have to sign or just the one who is staying on?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jun 27, 2009, 05:18 PM

    When does the lease expire?
    jam425's Avatar
    jam425 Posts: 3, Reputation: 1
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    #3

    Jun 28, 2009, 01:20 AM

    The lease doesn't expire until Jan. 31, 2010.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Jun 28, 2009, 04:16 AM

    OK, in that case I would do an addendum. You could offer the staying tenant a new lease extending the term
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Jun 28, 2009, 04:33 AM

    It is always fun when I disagree slightly with Scott.

    1. what was your agreement with the one moving out, the one staying is already obligated, it is merely the one staying and you giving permission to the other person to move.

    I think for myself, I would merely do a new lease ( but just for the number of months till that one expired)
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