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Updated about 3 years ago on . Most recent reply

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Michael Nahm
  • MN
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77
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How to End an Occupancy Agreement

Michael Nahm
  • MN
Posted

Hi all, 

I have a long-time tenant that was in place when we purchased the property years ago.

The original Lease, which we honored, had an Occupancy Agreement for the tenant's partner.

Recently the partner left the property and would like to end the Occupancy Agreement.

The partner is not on the Lease and is not liable for the rent.

I was wondering if there is anything specific that should be signed (I've never dealt with an Occupancy Agreement before).

Thank you, and appreciate any insight.

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,290
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I use a "Remove Tenant Addendum" that says who is leaving, when they will leave, what happens to the deposit, etc. It is signed by all parties so there's no confusion.

A simple, hand-written note on the lease itself would suffice.

  • Nathan Gesner
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