Re: A group of roommates want to apply for a house.

Re: A group of roommates want to apply for a house. by Katiekate (New York) on June 27, 2018 @01:35

I rent to groups of students all the time.

Now, I have maybe a different situation...because I require the parents to ALL be in the lease too.

So, this is the lease conditions I use...
I require monthly damage inspections. I require all damage to be repaired immediately and costs paid in the next billing cycle. All repairs are added to the next month rent.

Yes, I still have a damage deposit...but that is mostly to be sure the place is damage free and clean at the end of lease.

In my case, the parents really keep a lid on the kids. You will have to make sure to do those damage inspections routinely.

What I found was that over time, one roommate moves out, the others work it out between them but stay and seek a new roommate for replacement...keeping in mind that any new roommate must meet all my screening criteria.

I have not had a case of damage beyond wear and tear at the end of the lease. I have a "legacy" house that has not be vacant in years...but not one of the original kids is still there.

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Re: A group of roommates want to apply for a house. by Anonymous on June 27, 2018 @05:21	[ Reply ]

To katiekate I don't rent to students but I've always been curious about being able to get parents to sign on and be responsible for other kids beyond their own,....I wouldn't do it . How do you overcome that .? Also are they signing on as guarantors or actually co signers. Obviously when one student tenant moves out you release the parents but what happens when the new student roommates parents don't look so good on paper ?.

Re: A group of roommates want to apply for a house. - Landlord Forum thread 357897