How can you draft lease agreements for multiple tenants in a shared space?
If you own or manage a property that you want to rent out to multiple tenants in a shared space, such as a co-living or co-working facility, you need to draft a lease agreement that covers the rights and responsibilities of each party. A lease agreement is a legally binding contract that outlines the terms and conditions of the rental, such as the rent amount, duration, security deposit, maintenance, utilities, and rules of conduct. In this article, you will learn how to draft lease agreements for multiple tenants in a shared space, and what to consider when doing so.