By signing an individual lease for your student, you are only responsible for the rent of your student. You have no liability for the rent of the other apartment residents – one less thing for you to worry about. If a roommate transfers or graduates, you have nothing to worry about. You are not liable for the other roommates’ rent! This is a significant advantage over the joint and several leases used at rental houses and other apartment properties where each parent is liable for the rent of all residents in the unit. In those communities, when a roommate leaves school – you are liable for their rent.
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