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Are you legally responsible to pay back the cosigner who signed for you on a rental lease?
Wiki User
∙ 12y ago
No not unless you have an agreement that you had to pay the rent.
Wiki User
∙ 12y ago
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If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?
Yes. If you signed the loan, you are still legally responsible for it.
How do you know if you are a cosigner or co owner?
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
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 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 a roommate that signed the lease walks out who is legally responsible for the rent?
Anyone on the lease or that signed the lease is legally responsible for the rent, unless otherwise noted in the lease.
If you gave a charged off car back to the cosigner would I be responsible for what they do with it?
Yes. You signed the loan agreement, so you are liable.
Are you liable for damages to a rental car if no contract was signed?
Yes.. You drive it, you damage it then your responsible for it.
How can a cosigner get out of a bad personal loan left to him?
The best and the easiest way to get out of a loan is to PAY IT OFF ! You signed that you would be responsible for the debt !!!!!!
Can cosigner change his mind after signing the contract?
No. Once you have signed you are responsible for making sure the loan is paid. (An exception would be contracts signed at your home which have a right of rescission built in.)
If you are a cosigner for someone and they default on the payments and the cosigner pays the debt off can you have the past due amount removed from your credit report?
No, you signed, you are equally responsible for the payments, you are also equally responsible for what happens with regard to default. This is why the lender permitted you to sign as a co-securer of the original loan.
Is the buyer still responsible for buying a vehicle if the cosigner refuses to sign?
The primary borrower is always responsible for the debt if he or she has signed a valid lending agreement. It would seem logical that if the lender required the primary to have a cosigner and the named person refused to take on that responsibility then the transaction would not occur.
Is a parent legally responsible for a child who is 20 years old and lives at home in Missiour?
No. Not legally responsible for the 20 year olds actions. However, if they have signed some kind of legal or loan document with them they are responsible for that. .
