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Liability?

fishtastico · 2010-07-17 21:10:20

If three people sign a 12 month lease on a 3-bedroom property and one can't come up with the money after a few months, is the individual personally liable, or are the other tenants responsible for covering the whole rent? I know that the landlord is basically owed the balance of the year's rent, but I'm wondering the…

17-07-2010 9:10pm

#1

fishtastico

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Join Date: September 2003

Posts: 258

If three people sign a 12 month lease on a 3-bedroom property and one can't come up with the money after a few months, is the individual personally liable, or are the other tenants responsible for covering the whole rent?

I know that the landlord is basically owed the balance of the year's rent, but I'm wondering the extent to which the responsibility is divided.

Seems to be a bit of confusion on this one.

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Comments

#2 17-07-2010 11:03pm

silja

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If the three people signed the one lease, they are equally responsible; the landlord can go after one or all. If the other two can still afford the rent, best thing is to find a new third to take over the rest of the lease.

If the three people signed three separate leases, they are only responsiblefor their third.

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