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Updated about 2 years ago on . Most recent reply

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Natalia Barriuso
  • Investor
  • Lafayette, IN
16
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41
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how to add parents as grantors on a rental contract for students

Natalia Barriuso
  • Investor
  • Lafayette, IN
Posted

Hello everybody

This is my first time renting to students. Their parents are going to pay for the rent. I am not sure how to draft the contract. It is for 2 students, they are moving in together.This is for my furnished rental. Please, any advise would be welcomed.

Thanks so much,

Natalia

  • Natalia Barriuso
  • Most Popular Reply

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    Replied

    @Natalia Barriuso Add them to your lease. Most leases are jointly and severally liable. Means they have to pay all rent even if someone moves out. Do a credit check on all parties including the students. Only accept one payment from the students and for the full amount. It is their problem to collect from the other party.

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