Mom's lease duties lost in details

Rent it Right

EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019

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.