Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 1

In student housing, it is common for parents to co-sign rental agreements. This practice helps ensure that the lease is backed by a responsible adult, as students may lack the credit history or financial stability to sign a lease on their own. By co-signing, parents provide a level of security for the landlords, making them more likely to accept student tenants. This arrangement reassures landlords that if the student fails to meet their rental obligations, the parents can be held accountable for any outstanding debts.

The other groups listed are not typically involved in co-signing rental agreements in a student housing context. Roommates may share the lease but do not serve as co-signers in the same capacity. Real estate agents facilitate leases but do not financially back them, and school administrators are not involved in individual rental agreements. This clarifies why parents are the most common co-signers for student housing leases.