im currently renting an apt under my name. my friend needs help getting a place but has bad credit.my friend asked me to rent a place for her under my name.is this illegal?
2007-01-17 16:23:18 · 15 answers · asked by ? 1 in Politics & Government ➔ Law & Ethics
Not illegal, no. (I assume you mean under your true name in both cases. ) If it is upfront with the landlord, and you have not misrepresented who will be occupying the premises with the landlord to induce them to rent to you.
But you now have the situation with someone who is not named on the lease paying the rent, and YOU and you ALONE are legally responsible for the rent, and for any and all damages to the premises, and legal liability for lawsuits for such things as parties who are injured on the premises.
Most landlords, if they know of this sort of arrangement, will have the right to decline to rent under those circumstances. If you and your "friend" intend to reside there together, that might be another matter, depending on the lease conditions. If she will reside there alone without your presence, and you are doing this because of her credit rating problems, that is another matter entirely.
Remember, this is like signing a promissary note for someone. If they don't pay, you are totally responsible to make up the entire amount of the note. NOT a good idea. And if she refuses or can't pay in the future, and you are in arrears, it is YOUR CREDIT RATING that will be reported for any late payments or nonpayment.
2007-01-17 16:54:30 · answer #1 · answered by JOHN B 6 · 0⤊ 0⤋
No, not at all, just understand that if you're friend gets late on the rent and trashes the place it's your *** they'll be comming for when the law suit is filed. Also potential credit issues.
DONT DO THIS -even if it's a good friend, it's why you don't buy used cars from family members.
2007-01-17 16:27:27 · answer #2 · answered by Tim H 3 · 2⤊ 0⤋
You can legally rent as much property as you can afford. But, all tenants have to be on the rental agreement. So that's where you are gonna run into the issue, unless she is able to qualify for the apt. with you on the lease as well. But if she were to not pay the rent it would affect your credit and you would be liable for any unpaid rent.
2007-01-17 16:30:25 · answer #3 · answered by prodius54 2 · 1⤊ 0⤋
I would seriously strongly urge against doing this for your friend, because if she doesn't pay the rent, they will come after YOU for it. You need to get some sort of promissory note from your friend stating that she will pay the rent, etc, etc and have it notarized.
I have seen this happen soooo many times on those Judge Judy shows...former friends suing for unpaid rent. Be very careful.
2007-01-17 16:28:41 · answer #4 · answered by His Angel 4 · 1⤊ 0⤋
no but it is a really bad idea. your credit will be ruined if he doesnt pay the bill. the landlord will also sue YOU (not him) for back rent and damages to the apt if he does not pay.
why does he have bad credit in the first place??? NOT PAYING HIS BILLS!!!!!!!!
2007-01-17 16:27:35 · answer #5 · answered by trouser trout 2 · 1⤊ 0⤋
slightly more effective component might want to be needed. How might want to he be a nasty effect on 2 toddlers and a robust one on yet another? conform to employ to him, then if he does something that you do not approve of, you may kick him out.
2016-10-15 09:39:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can rent as many apartments as you want, as long as you can pay for them.
2007-01-17 16:32:52 · answer #7 · answered by Anonymous · 0⤊ 1⤋
shouldn't be. but you're responsible for any damage made by this supposed 'friend' of yours. sounds like a bad idea!
2007-01-17 16:26:30 · answer #8 · answered by User Name 5 · 2⤊ 0⤋
if it isn't be careful so your friend doesn't leave you with the bill and lots of damage that you will have to pay for.
2007-01-17 16:27:22 · answer #9 · answered by Redcarn 5 · 1⤊ 0⤋
No, as long as your credit line allows, as many as credit allows
2007-01-17 16:26:48 · answer #10 · answered by Anonymous · 1⤊ 0⤋