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Is the person who cosigned for a rental agreement liable after 2 years?
Wiki User
∙ 14y ago
The signers on a lease are liable for charges during the term of the lease.
Wiki User
∙ 14y ago
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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.
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.
How does buying out a rental agreement affect your credit?
It should not have any effect, since you honored the agreement and paid up. You might want to keep the letter or receipt for the payment for your records, though.
Can a cosigner get out of a rental agreement?
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.
How long after your rent is due until you are charged a late fee?
This depends on the laws of your state. In Massachusetts, the rent has to be at least 30 days late, and the late fee has to be in the written rental agreement.
Can your friend drive your rental car?
If they're not on the rental agreement, they shouldn't be driving it. If they get into an accident, you'll be liable for all damages and costs.
Can your friend drive your car?
If they're not on the rental agreement, they shouldn't be driving it. If they get into an accident, you'll be liable for all damages and costs.
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.
If you cosign your son's rental agreement are you liable if he has parties where minors drink alcohol?
A cosign agreement is usually just a financial agreement to cover the rent or damages if your son can't pay. I don't think it has anything to with underage drinking.
Can you be turned down on a rental application if you have been liable for a fire?
no you should not..... unless the person started the fire intentionaly
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.
Do you have to honor a lease for tenants in a house you are buying in Louisiana?
The sale of a house does not terminate a rental agreement, but the rental agreement is with the former owner and not with the new owner, unless otherwise agreed in the sale. The former owner of the house is liable to the tenants for damages, unless otherwise stipulated in the rental agreement. You will have to evict the tenants to get them out, and they can sue the former owner. I don't think anyone would sell a house without some sort of transfer or termination of the lease. I am not a lawyer.
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.
