In January, Rita Slavin‘s child signed an ironclad lease on a home near the University of California, Davis, to secure housing for her senior year of college.
Now the young females are caught for the next year in a $2,020- a-month lease, which began in September.
” I’m absolutely losing sleep over this one,” says Slavin, 54, a paralegal who lives in Los Angeles.
That’s left many students scrambling to get out of pricey leases.
Usually, a single occupant or group of roommates sign the lease, which can be co-signed by one or more of the students’ households to ensure it.
In hectic college towns like Davis, signing a lease in January or February is the only method most trainees can ensure real estate for the fall semester.
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