4 kids in college townhouse -- who signs lease agreement?

[John M.]

I just got a townhouse in a college town where it usually rents to 4 kids at once. They all share the same electric, etc. It's just a normal townhouse with 4 bedrooms.

How should I do the lease? Should I have 1 lease that one person agrees to pay the full amount, or should I have 4 separate leases?

My fear with 4 separate leases is if/when one person leaves, the others have no incentive to replace him and I couldn't really force them to live with a random stranger that I pick out.

Any thoughts?