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Litigator 22: My search through Property Management for Dummies and Internet searches for "shared rent" found no answers, hence my post. Since posting, I came across the term "co-tenant(s)" and found online an excerpt from a Nolo book and an article on co-tenants that both say, how co-tenants...
I am a residential landlord in Los Angeles, California; I rent out a three-bedroom townhouse to three tenants. I've always let the tenants choose to share the monthly rent based on size of bedroom: Master bedroom pays 42%; medium bedroom, 34%; small bedroom, 29%. (Percentages are approximate)...
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