Many college students and young adults rely on their parents for financial (and sometimes emotional) support throughout their early years renting or owning property. Parents often have concerns and questions about their involvement in their child’s housing choices.
When a young resident decides to lease an apartment or house, it is common practice for their parent(s) or other relatives to sign on as a guarantor for the lease, guarantying that the rent will get paid. This also helps residents avoid the need for a double security deposit. We have compiled the most common questions about guarantors for your convenience.