Place Name Lease For Free

Although this can vary from state to state, if someone is permanently residing at the rental property for more than two weeks, they should be named on the rental agreement, either as a renter or approved occupier.

Having your name on the lease means you have the right to live there and he can't throw you out. On the other hand, it means that you are on the hook for all of the rent and any damages if he moves out and stops paying rent. So it really depends on how trustworthy he is and how financially stable you are.

When the asset under lease is a piece of real estate, then the lessee is a tenant and the lessor is the landlord. The lessee is the temporary occupant of the property, and the lessor owns the property in which the lessee is occupying.

Unlike a mortgage, your payment activity on your apartment lease doesn't get reported to the three main credit bureaus (Experian, Equifax and TransUnion) by your landlord (unless you request it specifically to build credit).

The reason a manager WANTS both names on the lease is that it makes both people mutually responsible for the rent to be paid. Moving out does not relieve you of this obligation.

In the United States this is not ?illegal? ? but it is very likely prohibited by your rental agreement, and doing so could constitute a breach of contract and subject you to eviction and damages. Read your rental agreement.

Names of all tenants. Every adult who lives in the rental unit, including both members of a married or unmarried couple, should be named as tenants and sign the lease or rental agreement. This makes each tenant legally responsible for all terms, including the full amount of the rent and the proper use of the property.