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Dealing with Cotenants, Sublets, and Assignments

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2023-10-27 20:48:02
Success as a Real Estate Agent For Dummies
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Residents often need or want to take on a new roommate, sublet the rental unit, or assign their rental contract to someone else. To deal with these types of situations, consider this advice when you’re a landlord:
  • Require that all prospective roommates be screened and added to the rental contract.

  • Prohibit residents from subletting their rental units. When a resident sublets, the new resident has no legal obligations to you under the contract.

  • Prohibit residents from assigning their rental contracts without your written consent and only on condition that the assignee be screened and approved by you.

Except for children and other dependents, everyone living in one of your rental units should be screened and approved and required to sign the rental contract.

About This Article

This article is from the book: 

About the book author:

Robert S. Griswold, author, teacher, and a successful real estate investor, is an active, hands-on property manager with a large portfolio of residential and commercial rental properties.

Laurence C. Harmon, JD, is the CEO of HARMONLAW LLC, specializing in apartment-related legal and property management consulting.