How do Tenants Change the Names on a Lease?

A Lease Agreement can be signed by several tenants. Each tenant takes on equal responsibility for the Lease Agreement.

A Change of Shared Tenancy is where the tenants’ names on a lease agreement are changed due to tenants moving out and/or moving in. This can occur for any number of tenants moving, as long as at least one of the original tenants remains on the lease.

Changing names on a Lease Agreement can be quite an involved procedure. It requires documentation to be signed by all parties, as well as the approval from the Owner of the property. The procedure essentially entails transferring the responsibility of the tenancy from one or more tenants to another.

For information on how Solutions manages this process, please click HERE.