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Cotenants are two or more tenants who rent the same apartment under the same lease. Sometimes cotenants sign at the same time or a cotenant may be added later to an existing lease. In New York City, due to the short supply and high demand for apartments, there’s a good chance that a primary tenant will approach you seeking to add a roommate to the lease. After splitting rent for a while, the roommate might want to seek the stability of knowing that he or she could stay in the apartment if the other primary tenant leaves.
