Lease Types
Whether it’s you and a couple friends, or just you searching for a place to call home, look no further. Villas at Tropicana is the place for you! We offer both “Joint & Several” and “By the Bed” leases for your convenience.
Joint & Several Leases
A joint and several lease means that that the parties on the lease agreement are responsible individually and collectively for the terms of the agreement.
In a contract it indicates that the tenants have agreed to be individually responsible for the entire rent. If one tenant does not pay his/her share of the rent, the other is responsible for the entire amount.
If one person does not pay the rent, the other roommates are liable to the landlord for payment of that person’s share or they are all subject to eviction for non-payment of rent. It is up to the other tenants, not the landlord, to collect from the non-paying tenant.
Nearly all leases signed in the Santa Barbara market are joint and several leases and Villas at Tropicana offers this option to prospective tenants.
Why people like Joint and Several Leases:
Control: Individuals who sign a joint and several leases are assigned a specific apartment and can control who lives in the apartment and how much each individual pays.
Why people don’t like Joint and Several Leases:
Increased responsibility and liability: Individuals on the lease are responsible for their portion of the rent as well as their roommates. Tenants must submit one check for the full rent amount to the Villas at Tropicana (partial payments are not accepted) and one person needs to ensure the rent is paid on time every month.
By the Bed Lease
Be responsible for you and only you. When you lease by the bed, you are responsible for your contract obligations to Villas at Tropicana and don’t accept the liability associated for your roommates payments.
Gather a group of friends you’d like to share an apartment with or, if you prefer, we can help find roommates for you. Share great times together without sharing the bills.
Why people like the By the Bed Lease:
You are only responsible for yourself. If one of your roommates leaves, it doesn’t affect your contract status or your monthly rent. If you don’t have other roommates to form a group, you can sign up for just one space and we will find other roommates for you. In the event that someone leaves, that individual is responsible for his/her own contract and he/she and you don’t have to deal with it!
Why people don’t like the By the Bed Lease:
You are not in control of the apartment you are in, you are only in control of your bed space/type that you chose. You do not in control of your roommates (however, you can request other roommates and if they request you we will do our best to honor any requests made).