“You don’t know somebody until you live with them!”

The old saying is very true yet joint letting arrangements are still very popular – particularly in fashionable areas such as Brighton and Hove.

It may sound obvious but the best advice is to make sure you know how your tenancy agreement is organised and exactly what it means if somebody wants to leave!

Money can cause huge issues between even the best of friends, or partners, and it’s best to spell the ground rules out from the word go.

One of the most common letting agreements is is a joint tenancy agreement.

This means that you and other tenants have exactly the same rights and are all jointly and individually responsible for the tenancy agreement’s terms and conditions.

In legal terms this is called joint and several liability.

As a result, one – or all of you – can be held responsible for the whole rent. It’s not possible to argue that each tenant is only liable for their particular share.

If it goes wrong, the landlord can deduct money from the deposit, take action to evict you all (within the constraints of current Covid legislation) or recover the debt from any one of you or a guarantor.

Need to know more – check out my recent video or get in touch to chat it through.