General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
How to deal with leases
Hello I have a question regarding a lease.
I have 3 people currently on a lease that is up in August. (6 months left) One of these people wants to move out (as her relationship with one of the others has ended).
I don’t know how this works. I have experienced it my own life where the other roommate was completely happy taking over the lease and removing me off of it.
In this scenario the other two tenants don’t want to take over the lease and remove her off of it as it would obviously result in their having to “cover” a higher rent…and they do not have someone who can replace her.
What is the best way to proceed with this?