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How old do I have to be to sign a lease?
Most laws across the U.S. set the minimum age for being considered an adult at 18 years old. There is, however, an exception to that rule emancipation. Unless you are emancipated, you are not legally allowed to enter into a contract, and a lease is a contract.
Can a 17-year-old rent an apartment with a cosigner?
As a result, apartment landlords can refuse to rent to underage tenants. However, legal emancipation, marriage or military service may allow a 17-year-old to rent an apartment on her own. Additionally, a co-signer can provide the financial backing needed to secure a rental.
Can a 16-year-old rent an apartment with a cosigner?
Since minors can't make legally binding contracts, landlords usually require the applicant to find an adult, usually his parent or guardian, to co-sign the rental agreement. The cosigner is financially responsible if the minor fails to pay the rent or causes damage to the property.
Can a 17-year-old rent an apartment in Michigan?
It is legal for you to rent an apartment for your 17-year-old son. You, rather than your son, will be required to pay the rent.
Will I get approved for an apartment with a cosigner?
However, with tightening credit standards in response to changes in the economy, many once-qualified prospective apartment renters are now having trouble renting. Fortunately, a hopeful apartment renter with little or poor credit can often obtain a lease by having a qualified cosigner.
Will apartments rent to 18-year-olds?
While you can legally rent a studio apartment at the age of 18, most landlords have income and credit requirements to lease an apartment to anyone at any age. Many 18-year-olds do not have a sufficient credit history and therefore might need a co-signer to be approved for the least.
Can a 14-year-old rent an apartment?
When can I get my own apartment? If you're under eighteen, most landlords won't rent to you without a parent or guardian co-signing the lease. This may be age discrimination, but it isn't illegal. Owners and landlords require a legally responsible adult to be on the lease or rental agreement.
Can a teenager rent an apartment?
Since minors can't make legally binding contracts, landlords usually require the applicant to find an adult, usually his parent or guardian, to co-sign the rental agreement. Underage college students renting an apartment off-campus may have their parents sign the rental agreement and even pay their rent.
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