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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.

2006-07-28 20:31:24
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Related Questions

What if you cosigned for an apartment and the lease was broken?

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.

After a parent dies can adult children be held responsible for an apartment lease or the condition of the apartment?

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.

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.

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

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.

Are you responsible for your sublet if your lease ended and they stayed?

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.

Can you get keys to an apartment if you cosigned?

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.

A friend files for bankruptcy One item included in the filing for bankruptcy is a judgment regarding an unpaid bill you cosigned for a lease on an apartment How does this affect you?

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.

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.

Is it illegal to sign the lease for your own apartment if you are already on a lease with your boyfriend but you move out?

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.

Is the person who cosigned for a rental agreement liable after 2 years?

The signers on a lease are liable for charges during the term of the lease.

Does a landlord need to paint your apartment if the tenant is living in the apartment more than 5 years?

Depends on how the lease is written: normally the tenant is responsible for painting interior.

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.

If one person decides to rent a 2 bedroom apartment for a year and is not working but is in school can they still live there as long as they have somebody paying for it?

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.

Your ex cosigned car lease How do you remove her from lease without losing vehicle?

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.

If you walk out of an apartment lease can your roommate be affected by bankruptcy?

visit this site for rid from apartment lease

Can the landlord charge the tenant a fee for breaking the lease if the apartment is rented again in few days?

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.

When a child turns 18 do they have to be put on the rental or lease agreement?

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.

What happens if a tenant breaks the lease early and moves out?

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.

How does a late payment on an apartment lease affect your credit rating?

Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.

Can a parent who has cosigned on an apartment lease with her son but does not live there have her name removed from the lease?

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

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.

You live in a two bedroom apartment and you would like to move out and leave your 18 year old son want to stay in the apartment he is on the lease can he stay here when you move out im his mom?

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.

When moving out of rental Do you still have to pay rent?

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.