Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Managing Your Property
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 1 year ago,

User Stats

2
Posts
0
Votes
Mohamed Gaffoor
0
Votes |
2
Posts

Question on tenant changing roommates

Mohamed Gaffoor
Posted

We own a condo unit. Two tenants took the unit in January. Both names and their parents as cosigners are on the lease. One is "primary" (orchestrated the rental and is the one who Zelle's the rent every month and paid the security deposit). The secondary tenant moved out and the lease ends next Jan. The condo requires that they know about all occupants. Here are my questions:

1. I am assuming I can write a lease addendum adding the new tenant and removing the old one. Are there state specific forms (condo is in NJ) or can I use a generic lease amendment form I found online? It basically says I'm adding this tenant and removing this other tenant.

2. from the POV of the security deposit I can just keep the original tenants deposit for both I am assuming? Is that something that needs to be spelled out?

Loading replies...