<prompt> Human: The background info is pretty irrelevant. But the current situation my parents are in is uniquely terrible. Financial and medical disasters have lead to the current situation. My wife and I are going to pitch in monthly to help my parents rent an apartment or house. This isnt a can I afford it? or should I do this? question. Those questions are settled and this topic isnt meant to explore that. We make good money, live below our means, budget, save and all that. We are basically putting this rent money in the Charity line of our budget, which already existed, so there is no life style change for us required. We can do this comfortably. Its a gift, not a loan, and because of the aforementioned circumstances there is just no other way. They are medically disabled, have incredibly low monthly income, and have bad credit because medical reasons. Due to their bad credit I will need to put an apartmenthouse in my name. Which Im fine with. I basically want to make sure Im aware of any blind spots I may have in having my name on the lease.Any tax implications? Are they considered dependents?Ill probably do short leases in order to lower the potential consequences of them not being able to contribute money to rent anymore.Any credit implications?Any other unknown possible consequences?  <response>: Due to their bad credit I will need to put an apartmenthouse in my name. You can be a guarantor or a co-signor but almost certainly you cant sign the lease and just give your parents full occupancy. This will be against the terms of your lease and grounds for eviction. If youre providing more than half of your parents support you can claim them as dependents. They dont need to live with you. 