I found out that most 18 year olds moving out need cosigners. If a group of young people share a place, do

Question

each of them need a cosigner, or do you just need one cosigner for the group?

Answer 1

it depends on the lease that you sign.  I usually see that everyone on the lease would need a co-signer if their credit isn't up to the renal agencies standards.

Answer 2

You would probably only need one cosigner. But if your credit is good enough then you may not even need a cosigner.

Answer 3

Hmmm.  You'd probably have to ask the specific landlord what he needs.  Do they have jobs?  Are they students?  I would think that if one parent or other credit-worthy adult would guarantee the rent gets paid and the place not trashed, that should be sufficient.  But as the parent of 2 former teenage boys, I wouldn't want to be that adult.