The District of Columbia Agreement between Co-lessees as to Payment of Rent and Taxes is a legal document that outlines the responsibilities of multiple lessees or tenants regarding the payment of rent and taxes for a property located in the District of Columbia. This agreement ensures clarity and defines the obligations of each co-lessee to prevent disputes and conflicts related to payment issues. In the District of Columbia, there are primarily two types of agreements between co-lessees as to the payment of rent and taxes: 1. Joint and Several agreements: This type of agreement holds each co-lessee jointly and individually responsible for the full payment of rent and taxes. In case one co-lessee fails to fulfill their payment obligations, the remaining co-lessees are liable for covering the total amount due. The landlord or property owner has the right to pursue any or all co-lessees for the unpaid rent and taxes. 2. Proportional Liability Agreement: In this agreement, the co-lessees agree to divide the rent and tax payment obligations among themselves in proportion to the area or portion of the property they are occupying or utilizing. Each co-lessee is responsible for paying their share of the total rent and taxes. If one co-lessee fails to pay their portion, the other co-lessees are not held liable for the outstanding amount. Keywords: District of Columbia, Agreement, Co-lessees, Payment of Rent, Taxes, Joint and Several agreements, Proportional Liability Agreement.
District of Columbia Agreement between Co-lessees as to Payment of Rent and Taxes
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