I have a couple renting my house for the past two years, and now on a month-to-month lease. I am happy with them and they pay the rent on time, and they seem to be happy living at my house.
Now one of them wants to move out (personal reason), but the other half wants to stay.
1. what are the legal things that I should follow?
2. I read that I should prepare an addendum for removing the tenant. I have no problem with this..but am I missing future problems..that I should include in the addendum?
3. The problem is the spouse who wants to stay doesn't have a strong source of income like the one who is moving out. Little confused about taking risk here..is there like a strong legally binding laws that I can ask her/him to sign so that I am covered if she/he fails to pay rent on time going forward?
Any other tips would be wonderful...
Thanks for you help.
-V
Now one of them wants to move out (personal reason), but the other half wants to stay.
1. what are the legal things that I should follow?
2. I read that I should prepare an addendum for removing the tenant. I have no problem with this..but am I missing future problems..that I should include in the addendum?
3. The problem is the spouse who wants to stay doesn't have a strong source of income like the one who is moving out. Little confused about taking risk here..is there like a strong legally binding laws that I can ask her/him to sign so that I am covered if she/he fails to pay rent on time going forward?
Any other tips would be wonderful...
Thanks for you help.
-V