Sort Name Lease For Free

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.

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.

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.

A lessee is a person who takes temporary possession of a lessor's property interest through a lease. If the property is real estate, the lessee is referred to as a tenant.

Both names on lease or one name, doesn't matter. Most property management companies will add an addendum if something happens to a spouse, as long as the surviving spouse has the ability to pay the rent, etc.

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.

Any lease requires two key players. One is the lessor, the party that has an asset available for leasing, and the other is the lessee, the party that pays to use the asset. This lessee vs. lessor dynamic is at the core of lease accounting.