Please share your experiences with individual leases for college student appartments. DD wants to move into a four bedroom apartment with 3 other girls next semester. Each girl will have their own bedroom and bathroom and shared living/dining area. One fourth of the electric bill will be billed to each girl and they will pay their own rent. Two of the girls have already signed the lease. She is in an area with a GLUT of college apartments! A brand new college apartment building is opening for the fall term and the college is opening new upperclassmen dorms in the fall. The apartment she wants to rent is known to have big incentives and discounts for leases signed closer to the start of the term.
I've advised DD to hold off signing a lease to see if they offer discounts latter on. Does anyone know of situations where roommates are paying different rent for the same apartment with individual leases?