I've noticed the terms 'jointly and severally liable' in my tenancy agreement- what do these words mean?
The terms 'jointly and severally liable' will usually appear on a tenancy agreement when there is more than one tenant and they all share responsibility for the obligations of the agreement.
This effectively means that the whole group of tenants share the same responsibilities, and if one tenant fails to meet the terms of the agreement (i.e paying the rent) then it will be up to the other tenants to pay the shortfall. Similarly if one tenant causes damage to the property then it is the responsibility of all tenants to compensate the landlord for the damage in the event that the one party doesn't do so.
A tenancy agreement is a legally binding contract and should never be entered into lightly. When entering into an agreement with others, be it a partner, family members, a group of friends or sharing with people you don't know- you must ensure that all parties are aware that they may share responsiblities, and thus the 'costs' associated with those responsibilities.
6th July 2016
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