It is quite common in the rental industry to include a roommate to assist with monthly expenses. Having an extra person who can share the property responsibilities can be a benefit. Not every real estate lease agreement allows roommates to be included without a review by property managers or property owners. There is a traditional process that is involved with adding roommates to a rental property legally.
How to Add Roommates to Lease Agreements
Each state has different landlord laws that apply to lease agreements. Reviewing these laws before making changes to any lease agreement is helpful. The information provided here is not considered legal advice or a primer for the exact process to add a new roommate due to differences in state laws.
A subtenant is the most basic form of two people sharing the same living space. This person does not deal directly with property managers or landlords and rents direct from the leaseholder. Landlords cannot usually evict a subtenant unless a violation of the original lease agreement permits evictions. A roommate added to a lease agreement shares the same responsibilities as the original lease holder.
Verify Roommate Financial Data
This process can be completed in two different ways. Proof of funds can be requested in person such as paycheck stubs, letters from banks or cash in hand. Many landlords provide a background check and financial review for any roommate added to a lease agreement. This process will prove the accuracy of financial information for a new roommate.
Calculate the Security Deposit
When roommates are included in a lease agreement, a separate security deposit is usually required. This is used to cover the additional person in terms of damage to the property during the lease term. Property managers, landlords or rental home owners usually help calculate this security deposit that is payable immediately upon roommate approval.
Obtain Approval from Landlords
A property manager often performs the functions of a landlord or owner of property. The exact process that some companies use could differ and add extra time to the verification process. Most approval is offered in the form of a letter to the leaseholder and new roommate. This approval is the final step of including a new person to an existing lease.
Home Rentals in Jacksonville, FL
Rental homes are currently listed on this website for review by renters. All financial information is provided for each property as well as new photographs of the interior and exterior. A walk-through of each rental property is available upon request as well as the applications needed to start the lease process.
In order to best serve future residents, please make sure to read all of the JWB Rental Guidelines before scheduling your showing.
JWB RENTAL GUIDELINES:
A background check and credit check will be performed for all adults.
A minimum of 4 years of rental history (or homeownership) must be provided, or an additional deposit may be required.
Evictions or felonies in the past 7 years are subject to an additional deposit.
Applicant must provide proof of income equal to 3 times the rent amount in gross income (before taxes).
The security deposit is equal to first month's rent and is required to reserve the home for up to 30 days; one half of the security deposit is required to reserve the home for up to 21 days with the remaining balance due at time of lease signing.
Our homes are pet friendly. A $500 non-refundable pet fee will be assessed for as many as 2 pets; additional pets are $250 each. Breed restrictions do apply.