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Combine Lease/Rental Agreement

Combine Lease/Rental Agreement

Aug 6th, 2022

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How to Combine Lease/Rental Agreement

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In this video tutorial, the speaker emphasizes the importance of a comprehensive rental lease agreement for landlords. They introduce five essential lease clauses that should be included to prevent potential issues. The speaker encourages landlords to review or update their lease agreements regularly, ideally within the last year or two, to ensure clarity and protection. Sue Ricci, the presenter and co-founder of Ricci Property Management, shares her insights based on her experience in the residential property management sector in Northern Virginia. Viewers are also invited to subscribe to the channel for more tips and updates every Wednesday.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Can we add two names in rent agreement?

Yes, you can make a rental agreement in more than 1 persons name. This is usually when two or more bachelors decide to rent a place.

Can there be two leases at the same time?

A concurrent lease is one that will run at the same time as another lease of the same premises and the tenant of the concurrent lease will acquire the rights and duties of the landlord in relation to the other lease.

What does blended rent mean?

Blend and extend is a phrase that refers to the concept of extending a tenants lease term and blending the current rental rate with a newly negotiated rate. Blending and extending is generally considered a win-win situation because it can benefit both tenants and landlords.

What does jointly and severally mean in a tenancy agreement?

Joint and several liability Joint tenants are jointly and severally liable for all the obligations owed under the tenancy. This means that the landlord can pursue all or just one of the tenants in respect of any obligation that is not fulfilled, for example payment of rent.

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