The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
Almost anyone can be a loan cosigner, however they must be creditworthy, accept and intimately understand the responsibilities which accompany the role, and meet any of the lender specific requirements.
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.
if you have a good cosigner then all that matters is their credit and work history... if you renage on the deal they go after the cosigner
U.S.Mail or Fax and a Notary Public is all you need.
No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
No. The only obligation the cosigner has is to the lender.
legal rights of cosigner on mortgage
Capacity and intent of the cosigner to be bound is required.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.