Posted by Fred on June 08, 2000 at 16:14:46:
A friend of mine recently rented an apartment she is sharing with a friend. The managing agent required that the roommate with the higher income be the only person on the lease. They agreed to this but the agent also required a guarantor and the higher income roommate's mother wouldn't do it so the my friend's father ended up being the guarantor. I wouldn't have recommended this setup to her but since it's history there's nothing she can do. My questions are:
1) what is my friend liable for given that she's not on the lease but her father is the guarantor? (I'm guessing a lot)
2) why do management agencies only allow one roommate on a lease? (I've seen this happen before)
3) is there anything my friend can do now to protect herself in case she has opened herself up to a big liability?
The apartment is a one-bedroom, non-stabilized in NYC.
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