Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago on . Most recent reply

User Stats

70
Posts
24
Votes
Kristine O.
24
Votes |
70
Posts

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?

  • Kristine O.
  • Most Popular Reply

    User Stats

    28,189
    Posts
    41,293
    Votes
    Nathan Gesner
    • Real Estate Broker
    • Cody, WY
    41,293
    Votes |
    28,189
    Posts
    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
    business profile image
    The DIY Landlord Book
    4.7 stars
    167 Reviews

    Loading replies...