I have a renter for past 3 years. She has paid the initial deposit. She was divorced then. After a year, she re-married and I added her husband on the lease. The next lease was done for 2 years and it will end on November 30th, 2015. Beginning of last month, the husband asked me what will be new rent and they were going to decide whether to renew or not based on that. I increased rent by $100 per month to $1625. (since they were enjoying same rent for last 2 years) and current rent is marginally lower than going market rate. ($1650-$1700 max.) Both of them agreed and we signed new lease from 1st Dec. 2015 till 30th Nov. 2016
Today, the lady sent me a text saying “If I wanted to take my name off the lease, but leave his name because he is staying, what do I do?” to which I replied “All adults above 18 are on the lease. Your combined income is considered for rental, so both of you are responsible”.
She makes around $25K and he makes around $45-60K (depending on bonus as he is car salesman).
Now she sent another text “Ok, I am not sure what his plans are, but I think he wants to stay and move in his 1 or both od his adult children. I need to remove my name and will let you know when…Will he need to reapply with his kids if he moved them in”
- Can she unilaterally ask me to take her name off the lease? Am I under obligation to oblige? (Property is in TX).
- She paid original deposit. How do I handle that?
- I am not comfortable if his adult children are moving in. (Not sure how old they are)
- What is he doesn’t qualify based on his income alone?
I would like the property to be rented continuously, because this time of year may be bad to find tenants & market in slow. I am in a dilemma what I should do. Any advise how to handle this situation is greatly appreciated.