What financial responsibility can a parent guarantor take on for an Aggie grad’s apartment?

Quick answer

Potentially much more than just a missed monthly rent payment. Depending on the guaranty and lease, a guarantor can become responsible for rent, fees, damages or other obligations tied to the lease. Parents should read the actual guaranty instead of assuming it is a limited backup promise. The apartment’s documents—not the family’s verbal understanding—control the legal obligation.

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