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Joint and several liability

By Lo.B at 15:12, Fri April 13 2012, in Tenant Rights - 3 responses

Tenants should be aware that leases generally contain a clause stating that all tenants are jointly and severally liable for the total rent for the property. Therefore, even if there is only one person in a multiple room property that peson is expected to pay the total rent. This reflects the general bias of landlord and tenant law towards the property owner. Essentially tenants are expected to underwrite the entire monthly rent for the apartment and to protect the landlord\\\'s investment. If somebody moves out and there are diffciulties finding a new tenant because of the recession or because the room is over-priced the remaining tenants are still expected to pay the total amount. Landlords justify this on the basis that the property is rented as a unit and not per room. However, the reality is that rooms are advertised individually. The ads never make it clear that the rent may potentially be a multiple of the cost of the individual room. Rooms advertised should make it clear that cost of the room is dependant on the presence of other paying tenants in the property. Joint and several liability is socialsed protection for property owners as tenants are expected to act as a buffer between the landlords and any lack of rental demand. That\\\'s how the system works: tax payers bail out banks, tenants bail out landlords.
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