Mom's lease duties lost in details
Rent it Right
By Janet Portman, Thursday, October 8, 2009.Q: My son and his roommate, both college students, applied for a rental that required a guarantor. I signed the lease application, but never signed the guarantee. Am I responsible for rent and damage if the boys can't cover the rent or trash the place? --Lori S.
A: Being a lease guarantor for a college-age son or daughter is very common. Landlords need to make sure that there's a solid source of funds if the students, most of whom have little to no income, fall behind on the rent or cause damage beyond normal wear and tear.
more...
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.

