Residents
Owners
Leases can be modified to cater to the renters needs. There are times when one renter moves out or another move’s in. In these cases, the property manager or landlord will have to rewrite the lease to fit the renters current situation.
Roommate
Communities that have colleges within them, see this issue a lot. The ever changing status of college students makes renting in a college town difficult. Sometimes best friends will move in with each other only to find they cannot live together. In this case, one of them may take over the lease. It is far better to lose one renter rather than experience physical or verbal fighting.
Default On commitment
From time to time, you will get roommates where one will take care of their portion of the rent, but the other does not. In this case, the unreliable renter may be asked to move out so a more reliable roommate can move in.
Missing Roommates
One of the roommates may up and leave without notice. In that case, you may suggest to the remaining renter that they advertise in areas around the college or the newspaper for a new roommate. It is much easier to find an additional roommate, rather than let your rental sit empty.
Sublet
When renting to college students, you have the issue of them returning home during the summer months. This will leave your rental empty. It is standard for communities with college’s in them to see rental agreements that are 12 months long. This is to ensure that the landlord gets the three months rent during the summer.
Renters may still go home for the summer, but they will be responsible to keep up the rent while gone. In this case, the landlord may suggest that the students find reliable renters to stay at the home during the summer. This is known as subletting.
