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nightmare

By kathy

my parents co-signed for my niece and now she has bailed.  they are elderly and on a fixed income and all they wanted to do is help her – now they are stuck for 2 months rent and deposit, approx $2000 what can they do?

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Edited on: Wednesday, April 13th, 2011 7:57 am
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One Response to “nightmare”

My response: (We welcome stories, examples, explanations, answers and a touch of your personality)
 

Randy

August 31st, 2010 8:12 am

Regardless of the financial situation, legally, because your parents co-signed the lease– they are now responsible for your cousins actions.

The first thing they should try to do is contact their niece to get her to take care of the problem. She should be held responsible for her actions.

If for some reason they can’t get your cousin to take care of the problem, AND they can’t afford the $2000 rent fees for early lease termination; they can file a complaint with the RPA. The complaint option will allow your parents and the landlord to come up with a fair arrangement and agreement, thus saving your parents credit and most likely getting management to drop many or all of the charges.

Good luck!! You’re going to need it!

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