answersLogoWhite

0

  • Credit and Debit Cards
  • Apartments and Home Rentals
  • Commercial Leasing

Is a person on a joint lease responsible for the entire amount when the other lease holder cannot pay their share?

User Avatar

Wiki User

βˆ™ 2006-09-01 12:57:42

Best Answer
Copy

Yes. Persons who enter into joint rental/lease agreements are responsibile for the entire amount even when one of them defaults unless they want to risk eviction and perhaps civil penalties.

2006-09-01 12:57:42
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Your Answer

Loading...

Related Questions

Is a joint credit card account holder responsible for the entire debt when the other account holder dies?

Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.


Are you only liable for the dollar amount that you signed for or are you liable for the full balance on the card?

If you are the account or joint account holder, you are responsible for the entire balance regardless of who incurred the debt. If you are an authorized user you are not responsible for repayment except to the account holder.


Secondary card holder who made charges files bankruptcy is basic who is alive responsible?

Yes. Each cardholder is responsible for the entire debt.


If the lien holder reposses the vehicle and sells it are you legally responsible for any remaining balance?

Yes. That's a common misunderstanding by a lot of people. You are responsible for the entire loan amount. The vehicle title is held as security for the loan but any amount that is not covered when the vehicle is auctioned off is still owed.


How do you get any credit card benefits if one of credit card holder has died?

If you are a joint account holder you can still use the card. The creditor should be notified of the death of the other account holder. They may simply remove the person from the account or require you to open a new account in your name. However, if you are the joint holder you are responsible for the entire amount owed on the account.


Who pays homeowner assoc. fees the mortgage holder or the deed holder?

The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.The deed holder is responsible for paying the HOA fees.


Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?

Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.


What is duty-bearer?

A duty-bearer is responsible to a rights holder and is responsible for making sure that the rights of the rights-holder are being met.


Is an additional card holder only responsible for card debt of a deceased person?

no not responsible, only if you are a co-signer/joint account holder


Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?

No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).


Is a lien holder responsible if the car owner has an accident?

only if the lien holder caused the collision


If you have a joint savings account and the other party on the account dies must the remaining holder of the account place the entire amount into probate?

I would empty it out before I did.


If the primary card holder gives a friend a secondary card to use is the secondary user responsible for the dept or is the primary card holder solely responsible?

It depends if the secondary card holder is a "Joint Account Member" or a "Authorized User". The joint account member is responsible for the balance, the authorized user is not.


Who is responsible for maintenance of a life estate property?

The holder of the life estate is responsible for basic maintenance.


If you are a secondary card holder and the primary card holder declares bankruptcy how does that affect your score and what if you cancel your account before he declares bankruptcy?

If the BK filer is allowed to discharge the debt a joint account holder who is not a party to the bankruptcy becomes solely responsible for the entire amount. Cancelling or closing the account will not change the fact that the person will still owe the debt and it will eliminate the possibility of said person to negotiate terms with the lender if it becomes necessary. If the joint account holder continues to meet the required terms of the account agreement his or her credit score will not be negatively affected.


What is a duty holder responsible for in electrics?

check system maintenance


Are you responsible for your deceased mother's debt with an applicance store?

If you were not listed as a joint account holder you are not responsible for the debt.


What is broad collision insurance?

Broad form Collision Coverage is a form of automobile insurance available only in the state of Michigan. Just as with regular collision coverage, the policy helps to pay for the repair or replacement if the insured vehicle strikes another vehicle, another object, or if it rolls over. The difference with the Broad form policy is that benefits are paid in the event of a collision regardless of which driver is at fault in the accident. Typically a Broad form Collision Coverage policy will pay only for the actual cash value of the vehicle insured. The policy holder is responsible for a deductible in an amount selected during the policy negotiation process. If the policy holder is found to be more than 50 percent responsible for an automobile collision, the policy holder is then responsible for the amount of the chosen deductible. However, if the policy holder is less than 50 percent responsible for the incident, they will not have to pay the deductible amount.


Is the husband responsible for medical care the wife signed for?

Typically the answer will be yes. The primary insurance holder will always be responsible.


If a borrower dies with a promissory note are heirs responsible for payment?

They are not personally liable, except in the sense that the assets in the estate must be used to pay the promissory note. Thus there will that much less in the estate for them to inherit. If there are insufficient asset to pay the debt, then the holder of the note loses out on the amount that cannot be paid out of the estate.


Is an authorized signer responsible for credit card debts if the card-holder stops making payments?

No but if something happens to the card-holder, like dieing or being arrested, the authorized signer will be made responsible.


Are you responsible for the debt if you are a 'card holder' on your deceased father's credit card account?

If you have a card with your name on it usually you are considered a joint account holder and are responsible for the debt incurred on that account. If a consumer is listed as an authorized user (they do not have a card with their name) he or she is not responsible for the debt.


What happens when one of the two people who are on the lease is behind on their half of the rent?

Basically every lease has one lease holder. Anyone else on the lease is usually someone who was being allowed to live in the apartment. The main lease holder is the one who was responsible for the rent. So if anyone else moves out, the full amount of the rent is expected from lease holder.


Who is responsible for credit card debt when some dies in PA?

The person(s) named as the account holder. If the account was held jointly then the surviving account holder is responsible for the debt. If the decedent was the sole account holder the debt becomes a part of his or her estate and is handled according to probate laws.


If the primary cardholder is deceased and the authorized user is no relation and not responsible for debt will this affect the authorized user's credit if it is not paid?

AN authorized user cannot be held responsible for a primary holder's debt in any case. Only a joint holder can be liable for the debt. YES OF COURSE