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difficult child 3 is moving out,my mommy heart is hurting but its seems to be the right thing.
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<blockquote data-quote="LittleDudesMom" data-source="post: 582696" data-attributes="member: 805"><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">Here's my two cents, not as a mother, but as a landlord and property manager in a town with numerous university tenants. WARNING WILL ROBINSON regarding the co-signing of her lease.</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">First and foremost, if her salary is $600 a month and the rent and utilities should run around a grand, no landlord will qualify her application regardless of the money she has saved up. We don't care about how much money an applicant has in the bank - that is no guarantee the rent will be paid. What we look for is a prospective tenant's ability to pay the rent, keep the utilities on (a requirement in our lease), and cover their basic living expenses. Let's say we have an applicant like your daughter with a monthly salary of $600 and the rent is $500 -- how can she pay the rent, utilities and pay for personal items like food and transportation? She would not be approved.</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">The only way we would approve this applicant is to have a co-signer. A co-signer is legally responsible to fulfill the terms of the lease if the tenant cannot. A co-signer is an applicant as well and has to go through the credit/rental history check as well.</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">We have quite a number of students with co-signers. Remember, should your daughter not be able to swing this independent living, you will be required to pay the term of the lease (she lasts for 4 months, you pay the remaining 6 months regardless of whether she is still in the unit and should the landlord file an unlawful detainer and subsequent posession, it will be on both of your records) - I've seen a number of folks totally regret co-signing, especially siblings and friends. Regarding age - legally she is able to enter a contract at 18 - she needs to find a landlord who allows tenants to sign for themselves at 18.</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">Be careful..</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">Sharon</span></span></p></blockquote><p></p>
[QUOTE="LittleDudesMom, post: 582696, member: 805"] [FONT=comic sans ms][SIZE=3]Here's my two cents, not as a mother, but as a landlord and property manager in a town with numerous university tenants. WARNING WILL ROBINSON regarding the co-signing of her lease. First and foremost, if her salary is $600 a month and the rent and utilities should run around a grand, no landlord will qualify her application regardless of the money she has saved up. We don't care about how much money an applicant has in the bank - that is no guarantee the rent will be paid. What we look for is a prospective tenant's ability to pay the rent, keep the utilities on (a requirement in our lease), and cover their basic living expenses. Let's say we have an applicant like your daughter with a monthly salary of $600 and the rent is $500 -- how can she pay the rent, utilities and pay for personal items like food and transportation? She would not be approved. The only way we would approve this applicant is to have a co-signer. A co-signer is legally responsible to fulfill the terms of the lease if the tenant cannot. A co-signer is an applicant as well and has to go through the credit/rental history check as well. We have quite a number of students with co-signers. Remember, should your daughter not be able to swing this independent living, you will be required to pay the term of the lease (she lasts for 4 months, you pay the remaining 6 months regardless of whether she is still in the unit and should the landlord file an unlawful detainer and subsequent posession, it will be on both of your records) - I've seen a number of folks totally regret co-signing, especially siblings and friends. Regarding age - legally she is able to enter a contract at 18 - she needs to find a landlord who allows tenants to sign for themselves at 18. Be careful.. Sharon[/SIZE][/FONT] [/QUOTE]
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difficult child 3 is moving out,my mommy heart is hurting but its seems to be the right thing.
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