There are a lot of benefits of having a co-applicant for an apartment, or a roommate, and that is why so many people will choose to bring one along with them. They can save on rent and some of the other expenses that happen when renting an apartment and may make sense if you would like to reach some big financial goals along the way. But there are also some drawbacks to choosing to have a roommate as well. It is important to look at both sides of things before making the decision. Some of the drawbacks of having a roommate or co-applicant includes:

# They have the same rights to the apartment. When you choose to have a co-applicant on the apartment, their name is going to be on the lease with you. If they don’t pay their part of the rent after they move in, then you are going to be on the line for repayment and may have to take over the whole rental amount on your own, which can get expensive and is not what you signed up for. If you don’t make their payment when they do this, you could get evicted as well and will have problems on your credit report.

# Late or missed payments could harm both people: If you are the primary applicant and you have someone else on the lease as well, it can harm your credit when they choose to not pay their part of the rent. Hopefully you pick someone who is responsible and will pay the rent on time, but if you don’t, then you are going to be just as much on the hook for it as them.

# It could impact your relationship with the other person: If there is something that goes wrong with the finances of the apartment and either you or they do not pay rent on time, it can have a negative impact on your relationship. You need to understand what it means to have a co-applicant on the apartment and make sure that you pick someone you can trust.

It is time to upgrade your living and come take a look at what some of our great apartments are able to offer. We have many units available in beautiful Florida to ensure that you have the comfort that you are looking for. And our pet friendly apartment in Jacksonville, FL are calling your name. We know that you have many options to enjoy in a new home in Florida, but none will provide the comfort and great amenities that you are looking for like we can. We encourage you to set up a tour and see what we can offer to you.