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If you are renting a property with one or more people, you can use a Co-Tenancy Agreement to help ensure that your living situation is harmonious. A Co-Tenancy Agreement helps you avoid... Read more
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Making a Co-Tenancy Agreement
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What is a Co-Tenancy Agreement?
If you are renting a property with one or more people, you can use a Co-Tenancy Agreement to help ensure that your living situation is harmonious. A Co-Tenancy Agreement helps you avoid misunderstandings by specifying which things each roommate is responsible for.
Similar to a rental agreement, you can use a Co-Tenancy Agreement to establish each roommate's responsibilities, including the payment of utilities, repairs, rent payments, and other expenses. A Co-Tenancy Agreement can also be used to define the house rules everyone is expected to follow, so that each roommate knows what to expect. A copy of all written agreements with the landlord, including the Lease Agreement, should be attached to this document.
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What does co-tenant mean?
Co-tenants are two or more individuals that rent one unit. Co-tenants may be listed on the same lease, or they may have separate leases. Co-tenancy can arise within a residential unit or in a shared commercial property.
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Is a roommate considered a tenant?
Yes, if your roommate signed the Lease Agreement with you, they are a co-tenant on that lease. If your roommate signed a Sublease Agreement that you drafted separately, they are a sub-tenant.
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How do I write a rental agreement?
Unlike a typical rental agreement, a Co-Tenancy Agreement does not establish a landlord-tenant relationship. If you wish to make a rental contract for a group of co-tenants or roommates, you may wish to use a Lease Agreement or a Room Rental Agreement, depending on the circumstances.
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Is a 5 year lease legal?
It depends. Some states have restrictions on the length of a lease. For example, Florida does not allow for leases longer than two years. California, on the other hand, does not have a limit as to how long a lease can be. In some cases, landlords who are interested in securing a longer-term rental may offer a decreased monthly rental payment in exchange for a longer lease.
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