A Roommate Release Agreement is an agreement between a departing roommate and the remaining roommate(s), in which the remaining roommate(s) agree to take over the departing roommate's responsibilities and liabilities for a property. Under this agreement, the departing roommate will no longer be held responsible for financial payments and/or be held liable for any damage to the property. The remaining roommate(s) will therefore be responsible for the property.
If the roommates are currently under a lease, the agreement will most likely require the approval and signature of the landlord. Typically the landlord will need to approve the agreement in order to make sure the subtenant or remaining tenants are financially capable of paying the full rent. In any case, make sure to check your lease or rental agreement for any specific instruction on how to properly handle the situation.
Copyright Rocket Lawyer Incorporated.
Rocket Lawyer is an online legal technology company that makes the law simpler and more affordable for businesses, families and individuals. Rocket Lawyer has helped over 20 million businesses, families and individuals make legal documents, get attorney advice, and confidently protect their futures.
Legal information and other services are delivered by or through Rocket Lawyer via RocketLawyer.com. Please note that Rocket Lawyer is not a "lawyer referral service," "accountant referral service," accounting firm, or law firm, does not provide legal or tax advice or representation (except in certain jurisdictions), and is not intended as a substitute for an attorney, accountant, accounting firm, or law firm.
The Utah Supreme Court has authorized Rocket Lawyer to provide legal services, including the practice of law, as a nonlawyer-owned company; further information regarding this authorization can be found in our Terms of Service.
Use of Rocket Lawyer is subject to our Terms of Service and Privacy Policy.
