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Updated almost 8 years ago on . Most recent reply

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10
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7
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Bon Khator
  • Nutley, NJ
7
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10
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Prospective tenants bad credit ; parents to co sign

Bon Khator
  • Nutley, NJ
Posted
Hi - I have a prospective tenant whose credit is not good but his retired parents are willing to co sign ; their credit is good, own their house and have income which should cover the rent pretty easily Does it make sense to have the parents co sign the lease primarily in the sons name or just have the lease in the parents name ? If latter, do they need to have a sub lease between them ? Appreciate any feedback..

Most Popular Reply

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477
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476
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
476
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477
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

I don’t think it would be worth the headache. I would try to find a better potential tenant.

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