Does it matter whose name is on the lease?

Does it matter whose name is on the lease?

If both names are on the lease then the person who owns the apartment can make either of them pay the rent. If his name is the only one on the lease then he can be forced to pay the rent whether he lives there or not.

Can I assign my lease to someone else?

Answer. Under a typical lease assignment, you transfer all of your space to someone else for the entire remaining term of the lease, and the new tenant pays rent directly to the landlord. It can be as informal as a note, but, at a minimum, it should identify the landlord, the current tenant (you) and the assignee.

What are the four types of leases?

There are, in general, four types of leases: the gross lease, the modified gross lease (or net lease), the triple net lease, and the bond lease.

Can I kick my wifes friend out of the house?

In California, it is possible to legally force your spouse to move out of your home and stay away for a certain length of time. One can only get such a court order, however, if he or she shows assault or threats of assault in an emergency or the potential for physical or emotional harm in a non-emergency.

What are the major types of lease?

Different Types of Lease

  • Financial Lease or Capital Lease. It is a lease which involves payment for a longer period of time.
  • Operating Lease.
  • Conveyance Type Lease.
  • Leveraged and Non-Leveraged Lease.
  • Tax-Oriented Lease.
  • Non-Payout and Full Lease.
  • Sales Aid Lease.
  • Net and Non-net Lease.

What are the three types of lease?

There are three categories of leases when it comes to commercial real estate: Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease.

Can you take over someone’s car lease?

Most lease contracts allow you to transfer the remainder of the lease period to another person, says Scot Hall, executive vice president of Swapalease, a lease-trading site. Swapalease and its competitor, LeaseTrader, help you find someone who needs a car and can assume the remaining payments.

Can a lease be in two names?

It is also possible that both tenants are named on the same rental agreement, but are considered Tenants in Common, as long as the agreement specifies the amount of rent each must pay.

Should both husband and wife be on the lease?

There is no law that says you and your spouse must sign a lease when you rent a home together. There’s also no law that demands her name goes on the lease if she moves into a house you’re already renting. In order for a lease agreement to be valid, both parties must sign the contract.

When do you sign a month to month lease?

Typically, when you sign a lease to live in a rental, it’s for six or 12 months, and sometimes 24 months. When that period expires, your landlord might offer the option to extend the lease on a month-to-month basis.

Can a tenant break a month to month lease?

“We don’t usually refer to a tenant ‘breaking’ a month-to-month agreement,” Prout says. “By its nature, a month-to-month agreement continues until terminated by either party by providing proper notice, so a tenant is entitled to provide notice of termination at any time.”

What should I use to add someone to my lease?

You should always use the standard form Residential Tenancy Agreement. You (as the original tenant) and the names of other tenant/s who are moving in will be on the tenancy agreement.

What happens when you add another tenant to your lease?

You (as the original tenant) and the names of other tenant/s who are moving in will be on the tenancy agreement. In doing this, you’re effectively assigning the lease to another/other tenants. You now share the rights and obligations of the tenancy agreement evenly.