Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

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 over 3 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Stephen Homes
12
Votes |
27
Posts

What to do when some of the tenants in a rental leave?

Stephen Homes
Posted

I have a NJ rental (good 5 bedroom rental house, but not so good neighborhood and therefore not so good tenants). 3 adults, 4 kids and pets. 10 months prior to the end of the lease (All 3 adults signed one lease. No individual leases), on July 2nd, 2 adults, and their kids and all pets left without returning the keys. Each group claims that they paid the last month rent and security deposit. The lady who stayed, love the house and want to start a new lease and have new housemates as she can’t pay the whole rent (she paid half the rent end of June). FYI, I don’t want to take anyone to court. As with this type of tenants it is almost impossible to collect the debt. Share your thoughts on what is the best decision to make. Thank you.

1. If I keep the current lease, even in the best scenario if the tenant pays the rent (which is unlikely) then how would I deal with the security deposit at the end?

2. One solution is to let the lady break the lease and leave in exchange of my keeping the last month rent and security deposit. Then I use the money to get the place repaired and rented.

Most Popular Reply

User Stats

14,501
Posts
11,191
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,191
Votes |
14,501
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

Group meeting or email and send everyone a copy of the signed lease.  Did they actually pay the last month's rent?

If the one person wants to stay, then tell her the terms of the lease and give her a deadline.  You should screen the new roommates and all are on the lease.  On the lease explain that they are all responsible for meeting the terms of the lease which includes paying rent.

Tell them they signed the lease and once it expires or the early termination clause is invoked.  Do not return any deposit until keys are returned and you've inspected the place. Even then it is up to the three or them to sort out.

  • Theresa Harris
  • Loading replies...