Property Management Blog

The Roommate Shuffle

Web Admin - Monday, August 29, 2011

Many of the properties we manage are multiple occupancy properties. Occasionally during the term of a lease one tenant may want vacate the property, while the remaining tenants would like to continue their occupancy. In order to release the vacating tenant from the current lease, all parties on the lease must agree. 

It's important to note that the security deposit stays with the property until all tenants have decided to vacate. Therefore, tenants will need to work out the security deposit between themselves. Keep in mind, as long as a tenants' name is on the lease, he or she is responsible for rent. This is the case even if the tenant is no longer living at the property.

If the remaining tenants would like to add another tenant to the lease, the new tenant must be qualified by PropertyADVANTAGE prior to move-in. We want to insure the new tenant will be able to contribute to rent, verify rental history and check for collections or evictions on their record.

Dos and Don'ts of Roommates

Web Admin - Wednesday, August 10, 2011

Living with multiple people is often stressful. Use these simple dos and don’ts to help avoid problems before they start.

The Dos of Roommate Relations:
Do Clean Up After Yourself
Do Release a Vacating Roommate from the Lease
Do Pay Your Portion of the Rent On Time
Do Be Cautious of Your Electrical Output (Utility Costs Are Usually Shared)
Do Talk About Issues You May Be Having
Do Be Considerate of Your Noise Level Late at Night and in the Early Morning
Do Help Clean Common Areas
Do Report Maintenance Issues

The Don’ts of Roommate Relations:
Don’t Mooch Off Your Roommate (Buy Your Own Food)
Don’t Have a New Roommate Move In Until They have Been Approved
Don’t Throw Parties Without Consulting Your Roommate
Don’t Have “Extra” Guests Over All the Time (Girlfriend/Boyfriends)
Don’t Use Your Roommates Things Without Asking
Don’t Just Move Out, Give Your Roommate Proper Notice

Remember open communication is probably the best way to minimize conflict. 

Anyone have any other dos, don'ts or suggestions?


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