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What is an individual lease?

April 26, 2017individual lease

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What is an individual lease?

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An individual lease means that your name is the only one on your lease (and perhaps your guarantor) and you are only responsible for your portion of the total rent. For example, if you live in a four bedroom apartment that offers individual leases, you only pay your portion and your roommates pay their portion separately. If a roommate moves out, you still are only responsible for your portion if you have an individual lease.

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North Hall housing agreements are for each person in a room, not the room as a whole. This means you don’t have to worry about being held responsible for your roommate’s rent if they don’t pay.