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A co-signer shares financial responsibility for the rental. Unpaid rent, damage to the apartment after moving and so on will fall on your shoulders if the renter does not do as he/she should.
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∙ 15y ago
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If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?
Not unless he or she signed the new lease.
If you cosigned for an apartment for your brother and later decided to not be on the lease as a cosigner what are your rights?
Call a local attorney for state specific advice. I see a lease as a contract and with the same rights and obligations. IOW, the landlord id right. Your brother only got the apt. because of YOUR credit rating.
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
Can a minor disaffirm the lease of a apartment even if the apartment is not necseeary?
A minor cannot sign a binding contract for lease of a premises.
Does your cosigner have to be present when signing an apartment lease He lives in NY and you are renting in Nevada?
It depends on the landlord. Usually, the just need SS number and photo ID, as well as pay stubs or proof of income. If this is provided, you should be fine
If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?
Not unless he or she signed the new lease.
What responsibility does a cosigner on an apartment lease have?
a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court
If you cosigned for an apartment for your brother and later decided to not be on the lease as a cosigner what are your rights?
Call a local attorney for state specific advice. I see a lease as a contract and with the same rights and obligations. IOW, the landlord id right. Your brother only got the apt. because of YOUR credit rating.
Accepted for apartment based on having a cosigner Now cosigner will not sign lease Can you get your deposit back?
Hell yeah the only thing non refundable is application fee & administration fee.
Can you replace a cosigner for an apartment with another cosigner?
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?
No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.
How long should a cosigner stay on the lease if they cosign for an apartment?
I cosigned for my daughter five years ago on and apartment. Mu daughter is self employed. Her boyfriend has now moved in and wants to take responsibility for the rent. Land lord will not take me off the lease. What can I do?
How much is security deposit for an apartment?
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
Can a cosigner on a lease evict a tenant?
no
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Does your cosigner have to be present when signing the lease?
Yes.
Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
