When renting out a property, it`s important to make sure that all tenants are listed on the rental agreement. However, sometimes a situation arises where an additional tenant or roommate needs to be added after the agreement has already been signed. In these cases, it`s important to have an addendum to the rental agreement that outlines the specifics of the addition.
First and foremost, it`s important to include the names of all tenants on the addendum. This ensures that everyone is aware of who is living in the property and who is responsible for paying rent and utilities. It`s also important to include the date that the additional tenant will be moving in and any relevant information about their tenancy (e.g. length of lease, monthly rent, etc.).
In addition to the basic information about the new tenant, it`s also important to include any specific rules or guidelines that apply to the addition. For example, if the property has a limited number of parking spaces, it may be necessary to include a note in the addendum about the new tenant`s parking arrangements. Similarly, if there are restrictions on the number of pets allowed in the property, it may be necessary to include information about whether the new tenant has any pets.
Finally, it`s important to make sure that all parties involved in the rental agreement sign the addendum. This includes the landlord, all existing tenants, and the new tenant. Having all parties sign the addendum ensures that everyone is aware of the changes to the rental agreement and agrees to abide by them.
Overall, when adding an additional tenant or roommate to a rental agreement, it`s important to have an addendum that clearly outlines the specifics of the addition. Including the names of all tenants, important dates and information, specific rules or guidelines, and signatures from all parties involved will help ensure a smooth and successful tenancy.