Joint and Severally Liable definition
Joint and Severally Liable means where there are two or more Tenants, you will each be responsible for complying with the obligations in this Agreement both individually and together. We may seek to enforce these obligations or claim damages against any one or more of you. For example, if three Tenants are named on this Agreement and one Tenant does not pay their proportion of the Rent, we can recover the amount owed from any one of you or any group.
Joint and Severally Liable is a legally binding phrase which means, among other obligations, each individual signing this Lease as a Tenant is legally responsible to the Landlord for any and all obligations required hereunder (rent, damages, etc.) versus a pro-rata share of any such obligation.
Joint and Severally Liable. . This means you’re responsible (as individuals and together as a group) for making sure you don’t break your agreement with us
Examples of Joint and Severally Liable in a sentence
Where there is more than one Tenant you will all be Joint and Severally Liable for the obligations contained within this Agreement.
More Definitions of Joint and Severally Liable
Joint and Severally Liable means where there are two or more Tenants, the Tenant(s) will each be responsible for complying with the obligations in this Agreement both individually and together. The Landlord(s) may seek to enforce these obligations or claim damages against any one or more of the Tenants. For example, if three Tenants are named on this Agreement and one Tenant does not pay their proportion of the Rent, the Landlord(s) can recover the amount owed from any one Tenant or any group of Tenant(s). If the Tenancy is periodic and one Tenant gives notice to quit, the notice will end the Tenancy for all Tenants.
Joint and Severally Liable means that all tenants are jointly liable for the payment of all rent, bills and liabilities during the tenancy, in addition to any breach of the agreement. Each tenant is individually responsible for the whole rent until all payments have been made in full. (A maximum of four people can be joint tenants.) IF ANY ONE TENANT SERVES NOTICE TO END THE TENANCY THIS WILL END THE TENANCY FOR ALL TENANTS.
Joint and Severally Liable means that each person will be responsible for complying with the obligations of and paying all charges and costs under this agreement both individually and together. ● ‘LANDLORD’, ‘YOU’ OR ‘YOUR’ means the Landlord, the owner of the property, or any other person with interest in the property, whether freehold or leasehold. ● ‘TENANT’ means anyone entitled to possession of the property under the agreement. ● ‘PROPERTY’ means any part or parts of the building, boundaries, fences, gardens, and outbuildings belonging to the Landlord. ● ‘INVENTORY’ or also known as Inventory and Schedule of Condition, means the document drawn up prior to the commencement of the tenancy by the Landlord or Agent, which includes all fixture, fittings, and condition of the property. ● ‘TERM’ OR ‘TENANCY’ means the fixed Term of the Tenancy Agreement and any extension or continuation of the tenancy whether fixed term or periodic arising after the expiry of the original term. ● ‘SUPERIOR LANDLORD’ means the person, company, or organisation to whom ownership of the property reverts at the end of the lease. ● ‘DEPOSIT’ means the money held by the Agent, to cover damage and dilapidations if the tenant fails to comply with the Tenancy Agreement.
Joint and Severally Liable means that all tenants are jointly liable for the payment of all rent, bills and liabilities during the tenancy, in addition to any breach of the agreement. Each tenant is individually responsible for the whole rent until all payments have been made in full. (A maximum of four people can be joint tenants.)