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Tenancy Agreements:

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Landlord Discussion

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Re: Joint tenancy or single

From: Mark Holloway - lettings-landlords
Date: 13 Aug 2002
Time: 00:13:44
Remote Name: 213.122.114.63

Comments

I would suggest for your protection that if they all know each other then you should have a joint agreement - the trouble is as they say if one stops paying the rent then who pays that share - you should have an agreement that is "jointly and severally liable" i.e. they are each liable for each other's share. If you have seperate agreements than you may have to register as a house of multiple occupation - this could result in you having to register with the local council and having to have safety officers around who will insist on certain safety measures being in place i.e fire doors etc - plus the value of the property - in my experience - can go down. Stick to your guns and have a joint agreement!


Last changed: February 28, 2003

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