Leasing
Individual vs. joint leases
The single most important lease term for roommate groups — explained clearly for students and parents.
For students & parents · 5 min read
Individual leases (by the bed)
With an individual lease, each resident signs for their own bedroom and share of common space. You are generally responsible only for your own rent. Most purpose-built student communities lease this way.
Joint leases (by the unit)
With a joint lease, everyone signs one lease for the whole unit and is typically "jointly and severally" liable — meaning each person, and their guarantor, can be responsible for the full rent if a roommate does not pay. Houses and conventional apartments commonly use joint leases.
Which is better?
Neither is universally better. Individual leases limit your exposure to roommates; joint leases can offer more space or a lower cost per person. What matters is understanding which one you are signing and planning accordingly.
- Ask the property which lease structure they use
- Read the liability and guarantor sections carefully
- Agree as a group on what happens if someone leaves
This guide is general information, not legal or financial advice. Lease terms vary by property — always read your lease and ask the leasing office when something is unclear.