Renting Apartment For Kids

twoinanddone
Thu, 13 Jun 2019 23:05:38 +0000

If the roommate is on the lease for his share of things (joint-and-… several? I think it’s called) then you are only responsible for your son’s share.

No, ‘joint and several’ means everyone is liable for ALL of the lease and the landlord can sue one person or all the people, but can sue just one and that person is responsible for the entire judgment.

There are now a lot of rental companies building near colleges and working with the schools. They will rent one room in the apartment to just one person and that person is only responsible for 1/4 of the rent on a 4 room unit. I think they might include utilities too. Sometimes this rent is even paid through the university, but not always. Danger is the company can put an unknown person into your unit. This happened to a friend of my daughter’s, and the new person wasn’t even a student. However, she did have a 4 person apartment to herself for 1/2 a year and only had to pay her rent.

My sister and all the other parents had to sign the rental agreement on a 5 bedroom house for her son. The entire amount due was $50k!!! The landlord kindly let them pay it in 12 monthly installments - for a fee. Security deposit was $7k and there was no way they were getting more than half of that back (carpet cleaning, re-keying, cleaning, more cleaning, fee for snow shoveling even if it didn’t snow, etc.).