“When leasing to university students, is it fair and reasonable to add an addendum to the Tenancy Agreement requesting the students’ parents be financially responsible for rent payments during the term of the lease and enforcing this by asking the parents sign the form to approve this?” – Belinda, NSW
When should a student’s parents take responsibility?
Feature agent: Madeleine Smith, New Client Relations Manager at Raine & Horne Terrigal – Avoca Beach.
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Belinda, we asked Raine & Horne Terrigal – Avoca Beach New Client Relations Manager, Madeleine Smith for her insight into this question:
“In New South Wales, the parents would have to be named on the lease,” Madeleine said.
“This is common for students who are not working and therefore do not have the capacity to pay the rent themselves.”
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