Or guarantors???

Again... there are many ways to help children. Even when we are grown up children, we never get old for our parents!. We used to buy brand new cars to children; why not an apartment or our house now while alive?
But, what is the maturity of the occupant and the ability to pay that is important in your case.


Position:
(1) The child has to appear with the parent as co-shareholder if you have a sublet policy in place with occupancy limits before being able to sublet.

(2) Your child and parents must comply with financial and references. Everyone that would live in the unit must be interviewed by the admissions committee.

(3) Why is the parent buying for a child? To attend the university, to provide the first home for a child as the child is trying to start a career in NYC or suburb?

(4) Any roommates from the onset must be interviwed for rules and character references must be provided.

AdC