I am leaving an apartment with a roommate 4 months before the lease ends. He plans to stay in the apartment without me, to finish out the lease, and there is no way I can get my name taken off, so we are both liable should the lease be terminated by him bailing out early too. However, we made an agreement that I would continue to pay a portion of the rent, and the document limits it to $200 a month for the last 4 months of the lease, and says he is liable for all expenses beyond that for those 4 months. We typed this up and signed it in front of a notary and got it notarized.
If worse comes to worse (Indiana), and he bails out in the next 4 months, the apartment complex will come after both of us for the full amount, this I understand. However, will this notarized agreement limiting my remaining liability to $800 over 4 months which we both agreed upon and signed an agreement to be enough to have a judgment in small claims absolve me of anything beyond the $800 that is left of the lease costs till the end, in case he doesn't actually stay the whole time?
If worse comes to worse (Indiana), and he bails out in the next 4 months, the apartment complex will come after both of us for the full amount, this I understand. However, will this notarized agreement limiting my remaining liability to $800 over 4 months which we both agreed upon and signed an agreement to be enough to have a judgment in small claims absolve me of anything beyond the $800 that is left of the lease costs till the end, in case he doesn't actually stay the whole time?