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Property management glossary
Leasing & residents

Several liability

Also called: individual leases, separate liability, individual liability

Plain-English definition

A lease arrangement in which each resident is responsible only for their own rent and their own obligations.

What several liability means in practice

Several liability is the normal effect of giving every resident their own agreement for their own bedroom. Collection risk sits with the operator instead of the housemates, so a missed payment is one resident’s balance rather than a household argument. The trade is that the operator absorbs the shortfall and the vacancy directly, which is why per-room screening and per-room pricing matter more in this structure.

Example

Three residents each hold a separate $600 lease. One stops paying; the other two owe nothing extra, and the housing provider pursues only the resident who is behind.

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This glossary is educational and not legal, tax, lending, or accounting advice. Rules and terminology can vary by jurisdiction and professional context.