Home rental lease for 18 year old daughter?
August 20, 2012 4:11 AM Subscribe
My 18 year old daughter is renting a "college rental" house with three other 18 year old females. I've just read her lease and I have a question about the portion I have to sign...
posted by kiwi-epitome to home & garden (14 answers total)
Paragraph 1 states "this lease made between (Landlord's name) and (Daughter's name) who is hereinafter refereed to as "tenant" and Parents signing for students on signature page of this lease referred to as "tenant and/or Guarantor".
The rest of the lease is a normal lease agreement for what I've seen in my past (as a renter and a landlord) but my concern is by signing this as a "tenant" myself, am I opening up to more liability than I'd like to considering there are four young adults that I'd be potentially accepting responsibility for?
This signature page requires Daughters signature on "tenant/student" line and then mine next to it under "Guarantor for lease agreement. Parent or legal guardian for student."
This is in Maryland.
Again, my main concern is the part of the first paragraph stating I'd be a "tenant" (and I may be reading too much into that!) I'm happy to guarantee that her portion of the rent is paid, but do not want to be considered a tenant of the property OR to accept liability for the four young adults of the property.
Thanks for your insight!