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Updated about 1 year ago on . Most recent reply

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Kristine O.
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Requiring a cosigner for a lease

Kristine O.
Posted

Hello there. I am here again to ask your advice and recommendation as a landlord. I have an inquiry from a fourth year college student who has an interest in renting our ADU from June to Sep. He will stay for an internship near our place. I already spoke to his mother who‘S willing to fill up the application and do background check separate from her son. My question is do I have her sign the lease or give her the guarantor form to sign?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,358
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Kristine O.:

Hello there. I am here again to ask your advice and recommendation as a landlord. I have an inquiry from a fourth year college student who has an interest in renting our ADU from June to Sep. He will stay for an internship near our place. I already spoke to his mother who‘S willing to fill up the application and do background check separate from her son. My question is do I have her sign the lease or give her the guarantor form to sign?

I have a separate cosigner/guarantor form for them to sign. Why? Because the cosigner is not responsible for mowing the lawn or reporting maintenance issues, they have no rights to the rental, and I don't want to communicate with them about anything but the money.
  • Nathan Gesner
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