What are the plans of the remaining two tenants? If they are going to continue the lease, they have a legal obligation to find another tenant to share the space with them.No, they don't. They have an obligation to pay the rent, along with the son. The landlord won't care if a bedroom is empty I might negotiate a settlement with the co-tenants. Offer them, oh, $500 to settle all the remaining issues and disputes, including the utilities. They would then get to keep any additional rent payments they would get by renting out the space. I'd get a signed agreement to that effect signed by both co-tenants and make the $500 payment to the landlord to be sure that money is going toward rent and not into the pockets of the co-tenants.I was going to suggest offering a settlement (see my asterisk which went nowhere), but then I figured, why encourage the son to to try get out of his obligations? He's already bad enough with money as it is.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra