Help with Structuring a Lease from BP - College Tenants

[Jacob Shoesmith]

Hello,

The city in which our soon-to-own first residential property limits non-family members to 4 yet our property has 5 bedrooms. My agent says people just put 4 people on the lease but you still collect 5 separate payments. Do I have one lease with 4 people on it or do I have 4 leases, one for each person? The fifth person will just pay me via Cozy or Avail.co

Any insight? I want them all to be responsible for the entirety fo the payment if someone falls out or can't make a payment. Typically the parents of these tenants will be paying.