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College and University Discussion
Reply to "Is daughter getting ripped off by friends—paying rent all summer not living in rental?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wondering how a teenager (mom's word) was able to sign a lease on her own? When my kids were in college, they both needed a co-signer (the bank of mom and dad) on their lease.[/quote] Maybe the main lease holder is already 21? This is another reason why it's good to pick a college that has housing for all four years. Otherwise you do have to compete and get/reserve a room in a private rental where you pay over the summer. [/quote] EVERYONE in the apartment should be on the lease. This protects all the people in the apartment. If Suzi flunks out, she is still on the hook for her monthly payment, not the roommates. My DS in med school ( over 21) still needed a co-signer because he didn't have an income.[/quote]
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