College students living on or off-campus often tend to sign individual leases, especially when there are multiple tenants involved. Each tenant pays a separate rent to the leasing office. In most cases, an individual has a private room and private bedroom. Although, the common ares shared are: kitchen and living room space.[distance1]
Advantage of Individual Leases[distance1]
You just pay for your share only. So, if anyone wants to break their lease or move out all of a sudden, you don’t have to worry about it. This person will need to deal with the leasing office and you won’t be responsible for finding another roommate.[distance1]
Will You Be Penalized? [distance1]
Nope, not at all. If a tenant that’s moving out trashes his room or bathroom, it’s not your responsibility. However, if the common areas, such as a kitchen or living room are damaged, then all the roommates are responsible. [distance1]
Disadvantages of Individual Leases [distance1]
New roommate? [distance1] You may have been used to the roommate that just moved out and perhaps even made great friends. However, the leasing office will eventually find a replacement and bring in a new tenant that you’ll have difficulties getting along. [distance1]
Fortunately for you, your leasing office will probably offer you a roommate-matching service and ask the type of rommmate you’d like to see living with you. For example, male or female, hobbies, studying, partying type or smoking vs. non-smoking. [distance1]