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Updated over 5 years ago on . Most recent reply

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28
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18
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Nicole Obregon
18
Votes |
28
Posts

3 tenants, 1 wants out ???

Nicole Obregon
Posted

Three tenants moved into one of my rental properties June 1, 2019. They are all adults, and friends. All three adults signed the lease, and went over all the paperwork together. It's only July 21, and one of them wants to move out. 

One tenant emailed me personally with the following message:

Hey Nicole ! I wanted to know if there was anyway to take my name off the lease? Things are not working out and I need to leave but I don’t want to have anything bad on my recorded if they don’t stay. I would really appreciate if this is possible I’m looking to leave in August
Thank you. :)

My business-gut says to just tell her no, and that the rental agreement is a legally binding agreement. She can move out, but if anything happens with the rental payments, she'll still be held legally responsible. 

However, the other two tenants could technically just barely qualify on their own, without her. They need to make at least $4,050 per month to qualify, and together they make $4,056. And, I fear that if I make her carry out her lease, things could get ugly between her and her roommates. 

Just not sure how to handle this, or what to tell her. Am I thinking too much about this? Please advise. Thank you!


Most Popular Reply

User Stats

28
Posts
18
Votes
Nicole Obregon
18
Votes |
28
Posts
Nicole Obregon
Replied

Thank you all for your comments and insights. They are incredibly valuable. I've read them all and considered what to do given an update this morning from my tenants.

UPDATE: I called the 2nd roommate on the phone. She told me that things are not good. Money is tight, hours were cut back, they're back into dabbling into drugs or thinking about it, and the 3rd roommate is now in rehab. !!!  So, they're out his income. She thanked me for calling and offering an exit because they just didn't know how to tell me what was going on. 

So, I've offered them an exit offer to avoid eviction and court costs. (Although I'm willing to do that if they don't follow through on the offer).

Option 1: Pay $1,350 for August's rent. Move out completely by July 31, 2019.
Option 2: Pay $1,350 for August's rent by August 5 and $1,350 for September's rent by September 5. Move out completely by August 31, 2019.

This is beyond what I've ever experienced! My tenants so far have been so easy and simple. I've never had to evict anyone or do anything like this. My heart is beating fast, and I'm really nervous about what's going to happen. Oh dear me. !!!

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