Every student should remember that if they sign a lease they are signing a legal contract and there some important points to remember.

Lease Duration: Do not sign a lease for longer than you intend to stay in the property. If you sign a 12 month fixed term lease and you break the contract you could be held liable for the rent payments for the remaining period of the lease. Read the lease carefully and know what you are signing.

Joint and Several Liability: Every person who signs a lease can be held responsible for the full rent and not just their portion of it. If one person moves out the remaining tenants must still pay the full rent.