What to do when one of multiple tenants is moving out

[Vinson Lee]

Hi,

Has this happened to anyone here?  I am renting a single condo to 3 people. All three are on a single lease that is now considered month to month.  One of those 3 is moving out and they have asked me if it would be ok to have a subletter for a couple of months to take the place of the one that is leaving.  They are also telling me that they other two plan to move out at the end of the year.  But they don't give me a date and they aren't telling me if they are moving out all at the same time.  If you were in this position what would you do?  Would you just let them sublet the room?  Would you make them sign a new lease?  What I want to avoid is hassle in general.  I also want to raise rent in the coming months as well.  I guess what i could do is to let them sublet but at the same time tell them that I plan to raise rent at the end of the year.  Is there any concern that I should have if the one that is leaving will not be living in the condo anymore?