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Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoNot unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
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If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
What allows a rental agreement to be canceled?
Usually rental agreement has a cancellation clause that sets the term under which the rental agreement can be cancelled. It is common for them to require 30 days notice before vacating.
Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
If a lender does not provide a cosigner agreement am I still liable for the loan?
# I have never had to provide a cosigner agreement to someone who is cosigning a loan. I am talking about Tx, NY. and Kentucky. If you signed the same promissory note with the other person, then you are both responsible! CORRECTION: If you are speaking of the Notice to Cosigner below: Notice to Cosigner You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. It is against the FTC rules and against the law not to provide have have a potential cosigner sign.
Is the cosigner the only one responsible on the loan?
The primary borrower is responsible for making the payments and adhering to the terms of the lending contract. The cosigner is legally obligated only if the primary borrower defaults on the lending agreement or files bankruptcy (chapter 7).
Are you legally responsible to pay back the cosigner who signed for you on a rental lease?
No not unless you have an agreement that you had to pay the rent.
Will the name of the renter who broke the lease agreement appear on the rental history when the cosigner is sued by the landlord?
Yes
If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
Can a cosigner of a house rental agreement be sued in Wisconsin?
They can be sued for a breach of the agreement. Co-signers are equally responsible for any default regarding a lease.
What if you found out someone falsified your signature on a lease as a cosigner without your permission?
I was applying for a new rental agreement and the place I'm trying to rent from saw a judgment in my name for a lease that I have never lived or signed up to be a cosigner to be on any agreement. I think my sister used my social security info and forged my signature and she backed out of a rental agreement. I've opened an investigation with the rental agency and other property and I'm just wondering what I can do in the meantime to clear my name from this.
If you gave a 30 day notice to be removed from rental agreement and during this time a eviction notice was served what is my obiligations?
if a eviction notice was servered after i gave a 30 day notice as im a cosigner to be removed from agreement am i still responsible
Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?
A cosigner is only responsible for the items that he has cosigned for.
i need a copy of a home rental agreement?
i need a copy of a home rental agreement
where can I buy equipment rental agreement forms ?
where can I purchase equipment rental agreement forms?
Where can I download a template for a free rental agreement?
Uslandlord.com has free rental agreements, also mrlandlord.com will have the forms. Please check with a lawyer before providing or signing any binding legal documents. Need rental agreement template HOW MUCH FOR LATE FEES WHERE DO I GET A RENTAL AGREEMENT FOR FREE? uslandlord.com show me the rental agreement free lease agreement I need a template for a free rental agreeement, for property not homes. where do i find it? WHERE CAN I FIND A FREE TRUCK RENTAL AGREEMENT
How long do you have to change the terms of your rental agreement?
You cannot change the terms of your rental agreement except permitted by law or by the binding contract regarding the terms or conditions governing the rental agreement.
How do you remove someone from a rental agreement in California?
You would normally create a new rental agreement with the landlord.
