Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

73
Posts
19
Votes
Michael Nahm
  • MN
19
Votes |
73
Posts

Advice on Roommate situation and renewing a lease

Michael Nahm
  • MN
Posted

Hello to all,

I'm seeking thoughts and advice on a new situation I'm in.

I own a home that has been rented out for a few years to a few roommates. All roommates signed the lease and are jointly and severally liable for the payments. I receive one check each month (I required it on the lease). 

The roommates notified me that one of the roommates will move out at the end of the term and the rest would like to continue and reside there.

Advice is appreciated on the following issues: can I simply have the remaining roommates sign a short renewal indicating the removal of the one roommate from the original lease? Should I inspect the property upon the roommate's move-out or do the remaining tenants take responsibility? Should I return a portion of the deposit of the roommate leaving? (I received one check for the deposit, so really, there was never a discussion of which portion was paid by who).

Any advice would be greatly appreciate! Thank you in advance.

Most Popular Reply

User Stats

14,518
Posts
11,201
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,201
Votes |
14,518
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

If the remaining roommates are okay still paying the rent, then get all of them, including the one who is moving, to sign an amendment to the lease removing the person who is moving.  As for the security deposit, the roommates can sort that out amongst themselves.  Mention this to them when they sign the amendment.

  • Theresa Harris
  • Loading replies...