What Does Co Tenant Information Mean?

Cotenants are two or more tenants who rent the same property under the same lease or rental agreement. Each cotenant will have a rental agreement with the landlord and are therefore 100% responsible for carrying out the rental agreement.

Do co tenants have to pay rent?

All co-tenants are jointly responsible to the landlord for the lease, such as paying rent and repairing any damage caused to the unit. ... Furthermore, California law allows a landlord to evict all co-tenants due to the adverse actions of one co-tenant that breaches the lease.

What is a co-tenant agreement?

A co-tenancy clause in retail lease contracts allows tenants to reduce their rent if key tenants or a certain number of tenants leave the retail space. ... A co-tenancy clause provides the tenant with some form of protection in the form of reduced rent to compensate for the loss of traffic.