Son and his friend signed a lease agreement. Our credit history was verified but we are not on the lease, in fact broker coerced the boys into signing before seeking our approval. The boys need to break lease since they have tried to find others to take over the lease agreement but have been unable to. What are parent’s liability in this case.
You say you are not on the lease, but did you sign some other form of guaranty? Often guarantors sign a separate document from the lease itself. If there is no written guaranty, you have no liability. However, your son will still be fully liable to and starting right out of college being sued is a bad idea. Before just breaking the lease, they should try to negotiate with the landlord. A two or three month break fee in lieu of getting sued is preferable.
I am a Massachusetts attorney and answer questions based on Massachusetts law. The above answer is for educational purposes only and does not create an attorney client relationship or constitute legal advice.
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