It can only be disputed - No offense meant to the Credit Repair organizations.

Usually they settle on 50 cents on the dollar anyways.The collection company will send a letter that gives you the right to dispute the debt.They have to follow the "fair debt collection and practices act" among other acts and if they don't can get fined I believe up to 10,000 a violation.

If there is some dispute from these people later one, what will a judge think given that you made a quick profit here?

Without an agreement, you have to find a way to reasonably work with this individual to find a resolution. 

Perhaps there could be a dispute or claim of some sort after closing and if you were a seller on record, it could come back on you.

I don't want to get involved in disputes.

As retired law enforcement (LEO) I would respectfully disagree with Ken, while I was in CA, so no LEO experience here in Illinois, we would get called out on landlord tenant disputes often.

We've never had a student dispute that.

Hard to start without them, should be cautious of doing business with them.The best way to approach that, in my opinion, is to seek an experienced lawyer to draft the syndication contracts AND to make certain that responsibilities, distribution details, PROBLEM RESOLUTION, and every other "oh no" scenario that the lawyer has seen or read about is covered in the document.

Tenant will also pay landlords attorneys fees and expenses even if the tenant initiates the litigation or in connection with the defense of any and all counterclaims or cross claims by tenant. in connection with disputes arising from the negotiation of a new lease or lease extensions and/or for any and all appeals.