An Owner/Landlord can avoid a lot of headaches if he follows a detailed screening process to help choose good tenants. This screening process also can help the Owner/Landlord keep tenants, since allowing disruptive tenants may cause good tenants to move out.
Tenant Credit Rent With Parents
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US-03622BG
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How to fill out Checklist For Screening Residential Tenants?
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FAQ
Verb (transitive) to sublet or rent out (a property that is already rented.
To allow someone to rent all or part of a house or other building that you are renting from someone else: Our rental contract states that we are not allowed to sublet the house. The tenant cannot sublet without the owner's permission and cannot charge more than the regulated rent.
Short answer is yes to the first question. Income Tax Act does not prohibit payment of rent to one's parents. You can pay the rent to them to claim HRA. To avoid any income tax issues, deal with the same as you would deal with a third party landlord.
The primary difference between a co-signer and a guarantor is how soon each individual becomes responsible for the borrower's debt. A co-signer is responsible for every payment that a borrower misses. However, a guarantor only assumes responsibility if the borrower falls into total default.
Renting without rental history isn't a deal breaker, especially if you write a sincere letter and explain your situation. For example, you can outline how you lived with your parents to save money during college or moved in with a relative.