17, moving in with 18 year old in BC, Co-signer?

Question

So I am moving to Vancouver this summer, with a friend of mine who's 18, will I need a co-signer still? If I want to go earlier like in June, would I need a co-signer? And could my grandma be a co-signer? Thanks.

Answer 1

You only need one person to sign the lease.Any residents under 18 are  not required to sign You would need a co-signer if you were moving on your own.I have been on my own since i was 17 and never needed a co-signer since i found a place not requiring a lease.Not all landlords require one.It is in your best interest to have one since it protects both parties involved.But i have never had a problem and have had many places without a lease.

Any one can co -sign for you as long as there at least 18 and have a decent credit rating.If they have a bad credit rating the land lord will not rent it to them.Since the co-signer is actually renting it for you.If you do not pay the rent they will not come after you.They will call your co-signer instead.

Answer 2

A co-signer for your apartment? No - you are too young to sign a lease. Grannie could be a co-signer, but only if your landlord approves. They usually prefer the lease-holders (technically that's what your grandmother would be) live in the apartment.

Answer 3

Hah...just sign and see how hard it is for them to kick you out.  Once you're in, you're in...friggin' laws suck...

Answer 4

yes your g'ma could co-sign but if ur friend is 18 that most likely wont be a problem

Answer 5

If your friend is 18 he should be able to get a place of his own and nobody needs to "co-sign" unless his credit is bad or limited. Its not that u r really having someone Co-sign for u. They are just putting the lease in their name and taking responisbility if u dont. So it's basically like a co-signer just a little different.You can have anybody put the lease in their name for u thats willing to do it. It could be your dad, grandma or even someone you met off the street 5 minutes previous to filling out the form (I doubt anyone is that generous tho...I wouldnt be). Have your buddy see if he can do it first, if not then u may need to have ur grandma sing the lease for the 2 of u.

And as far as Mab said: Most landloards require that the signer/co-signer live IN the apartment. Thats not true. I had an apartment in someone else's name and we lived there. It was not a problem.

Answer 6

yes your grandmother could co sign for you but make sure u have your finanical situation straight because if not u can really damage her credit wow 17 & 18 are you going to school ect. those are young ages to be stiking out on your own make sure u have plenty of adult support to offer advice ect. because I know I made alot of mistakes when I first moved out on my own most because of poor planning are back at home in three years. good luck and plan well

Answer 7

Your not buying a car your renting a apartment. You dont need a co signer. Just put the lease in your grammas name have her sign it no prob.

Answer 8

A co-signer for what?  Your apartment.  If you need a co-signer no you can't sign it.  You cannot legally enter into a contract under the age of 18 and as far as having your grandma sign probably not.  Most landloards require that the signer/co-signer live IN the apartment.  But not everywhere requires a co-signer.