Sentences with phrase «tenants share an agreement»

In this agreement, you and any other tenants share an agreement that includes the monthly rental costs, the deposit, and the obligations for cleaning and maintaining the space.

Not exact matches

While some landlords will allow a separate lease agreement with each tenant where each is only responsible for his or her share of the rent, it is more common for there to be one lease agreement and for each tenant to be held «joint and severally liable» for the rent, meaning that you can be held responsible for the full amount of the rent.

If they don't (for example the life tenant has nowhere else to live) then an agreement should be made otherwise the tenants in common legally have to pay for all the expenses in equal shares regardless of who is living in the house.

Because of our deep experience in litigation regarding virtually every conceivable type of document from non-compete agreements and confidentiality provisions in employment contracts to landlord - tenant agreements and fractional share leases, we understand how contracts need to be drafted to avoid litigation.

Step 2: In multifamily properties, include rules in the tenancy agreement for using shared spaces, noise curfews, and any other restrictions necessary to preserve quiet enjoyment for all tenants.

However, it is not advised to share signed copies of the lease agreement, since this is a contract between the manager and tenants, not the owner and tenants.

A Tenants in Common Agreement allows for multiple people to share interest in real property while retaining a lot of the freedoms that can be restricted in a joint tenancy.