Is it against the law to have more than one rental lease in your name?
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Is it against the law to have more than one rental lease in your name?
I currently have 2 apartments that I am renting in my name. I moved into the first unit due to a divorce and a few months later I realized I would need a bigger unit. Since I was under a lease I did not want to break I rented a larger unit in my name. Is this against the law?
Asked on December 2, 2011 under Real Estate Law, Wisconsin
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
There is nothing illegal for a person to have more than one rental for a residential unit in his or her name.
In fact it happens all the time. Examples would be when a person spends a lot of time in some other city besides his or her main residence on business. In such a situation, that person could be renting his or her main residence and have a second rental for business purposes.
If you have two units that you are renting, perhaps you might consider subleasing the first unit to some third party since you are not using it.
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