Posted by Todd-Ohio on April 11, 2006 at 17:30:13:
I would not “remove” the guy off the lease. It can’t hurt you to keep him on, but it might hurt you if you take him off.
You would probably rather have 2 people responsible to pay you, rather than 1 right?
That doesn’t mean he’s not free to move. The important thing is that they both understand that THEY agreed to pay you rent each month. You could care less whether it comes from one of them, or both of them, as long as you get the full amount. Obviously if he moves out, then you would (at best) be getting paid the full rent amount from her.
If she can qualify on her own to buy, then of course you can simply follow through with her to purchase.
If she cannot qualify to buy on her own, then you have a glorified tenant who is responsible for her own repairs… which is what a lot of lease-option folks are anyway.