0
If you co-sign a lease are you responsible for all roommates' rent even if they have their own co-signers for their leases?
Wiki User
∙ 16y ago
When you sign a lease with multiple tenants on the lease, you are all equally responsible for any aspect of your rent. Therefore if your roommate does not pay his portion of the rent, and you are responsible for the portion he doesn't pay. If this happens then you can be able to evict your roommate or have the landlord do so.
Some landlords allow you to be the main tenant on the lease and in essence be the landlord for your roommates. This is called subletting. Most apartment complexes do not allow this. But for the landlords that do allow it, it allows you to control your situation better: your roommates can pay you and then you give one check to your landlord. If your roommate doesn't pay you, you can evict him.
A lease is an agreement between all of you who are in the lease and your landlord. Therefore you are all equally responsible for what happens.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are you responsible for financially if your same-sex partner dies?
If your name is also on any agreements, loans, leases, etc. you will be responsible for honoring same. You are not otherwise responsible for any of your partner's debt.
What are some commercial leases?
Commercial leases may be a gross lease, where a single sum is paid to the landlord for all leasing costs or a net lease where you will be responsible for seperate payments to cover extras such as common area maintainence
What words can be made with the letters in leases?
leases
How do commercial leases differ from residential leases?
Commercial leases are generally locked up for a much longer term then residential leases, and it's much, much harder to break a commercial lease. One big difference between commercial leases and residential leases that a lot of people don't realize is that commercial leases are not subject to many of the consumer protection laws that residential leases are. Make sure you know what you're getting into before signing. Most commercial leases are NNN which require the lessee to pay all utilities, insurance, and property taxes. Most residential leases are on a Gross rental basis and do not directly pay NNN charges. Commercial Appraiser http://www.harriscompanyrec.com
What has the author Shawn D Halladay written?
Shawn D. Halladay has written: 'A guide to accounting for leases' -- subject(s): Accounting, Industrial equipment leases, Leases
Are automobile lease payments tax deductible?
Not on personal leases, sometimes on business leases (as an expense).
Are all finance leases going to be reported as operating leases?
what does yes meean it means a cmaned
What are the types of leases?
Two types of leases are the open ended lease and the fixed term lease.
What are the two types of leases?
Two types of leases are the open ended lease and the fixed term lease.
Do you use an apostrophe in leases?
No
What has the author Malcolm Brahams written?
Malcolm Brahams has written: 'Commercial leases' -- subject(s): Commercial leases '\\'
What has the author Shiel Kerr Macmillan written?
Shiel Kerr Macmillan has written: 'Law of leases' -- subject(s): Leases
