Yes, because you co-signed you signed a contract stating that you will guarantee that funds are paid if he cannot. The apartment complex can actually sue both of you because of the legal and binding contract that you both signed. We have to be very careful when we put our names and credit at risk for those we love.
You are legally bound to the lease and the obligations of the original contract as if it were your lease. You can take the person that you co-signed for to court for reimbursement.
Only if your name is on the existing lease. The parents estate can be held responsible for damages, but the lease itself is simply void upon death if no one on the lease is left alive.
Not unless he or she signed the new lease.
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?
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
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.
This all depends on the terms of your lease. Most apartment complexes do not allow a tenant to sublet. So if the main tenant terminates the tendency, this termination will include everyone. The main tenant is the one who will be responsible to give the landlord back into the apartment.
In most residential rental situations the landlord is only obliged to issue one set of keys or one key to the dwelling: to the actual person or head of household on the lease.
You become the only person responsible for the debt. Your friend's obligation to pay the judgment ends once your friend gets his or her discharge order from the bankruptcy court.
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.
No. But, you will still be responsible for your share of the previous lease unless the landlord/rental agency (not the the other leasees) agree to release you from your obligation.
The signers on a lease are liable for charges during the term of the lease.
Depends on how the lease is written: normally the tenant is responsible for painting interior.
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.
The rental company will require you and the person who is paying your rent to sign the lease. You both will be responsible for the apartment for the duration of the lease.
You can have another person cosign for that person. As long as your the primary you wont need her to get her off the lease.
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This depends upon whether that fee is quoted on your lease when you signed it. It is not there, then landlord cannot charge you because he rented the apartment quickly after you left. However he may be able to keep your security deposit if you broke your lease. If there was a lease, the terms are generally such that you are responsible for the rent for any month that the apartment is vacant from the time you vacate the apartment to the time the lease ends OR the apartment is rented out, whichever comes first. Since the landlord did not suffer any damage by breaking the lease - he rented out the unit just a few days that you left - there shouldn't really be any reason for him to charge a fee. But if that is stated on your lease then he has the right to do so.
If the lease restricts who can live in the apartment, as long as your son is listed as an occupant on the lease, he or she can continue to live in the apartment (unless the lease specifically states otherwise). If the lease does not have a restriction on occupants, your son can continue living in the apartment as well.
He will lose any security deposit and be responsible for any rent while the apartment remains vacant, up to the remainder of the term of the lease.
Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.
Yes, its just a matter of that person requesting to be removed as the co-signer. They might put that child in jeopardy of staying in that facility without a co-signer, but it doesn't hurt to ask. Wanda Improve Credit, LLC
A minor cannot sign a binding contract for lease of a premises.
If his name is on the lease AND you are on it you are BOTH responsible for the rent, however, if you sign off on it then it is HIS responsiblity.
This depends on if you are moving out before the lease is up. Most leases have clauses which states that a tenant is responsible for the rent of an apartment for the remainder of the lease period or until the unit is rented to a new tenant, whichever comes first. If you move out of the dwelling where there is no lease, then you are not responsible for the rent.