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What happens if a cosigner paid the rent instead of the tenant?
Wiki User
∙ 11y ago
Then the rent is paid, and everything remains status quo.
Wiki User
∙ 11y ago
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Does the cosigner have the legal right to have the tenant move out before lease is expired due to no rent paid?
Does_the_cosigner_have_the_legal_right_to_have_the_tenant_move_out_before_lease_is_expired_due_to_no_rent_paid
What happens when my cosigner doesn't want to be my cosigner anymore?
The contract cannot be changed without refinancing, your cosighner is stuck with it unless the loan is paid off one way or another.
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
In the case of a tenancy where the landlord claims that the tenant has not paid and the tenant insists that he has- on whom does the burden of proof rest?
The burden is on the tenant to prove that they paid.
If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
Can you refinance your car without a cosigner if your current loan has a cosigner?
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
Can a tenant sue a landlord who is in bankruptcy?
Normally the bankruptcy filing has nothing to do with whether or not the tenant has paid his rent. A landlord does not have the right to evict a tenant simply because the tenant filed chapter 7 unless that is part of the lease. The terms of the lease determine if the tenant will be evicted. If the tenant pays the rent, he should not be evicted.
Are they considered a tenant if there name is on the lease but they didnt sign it?
No, but they are a tenant if they paid rent.
If a property has been appointed a receiver should the rent be paid to them instead of the lettings agent?
Yes, although the tenant should ask for proof of the receivership.
How do you use the word tenant in a sentence?
He was a good tenant and always paid the rent on time.
Does the cosigner on a mortgage need to be on the purchase and sale so the seller is aware of a cosigner?
That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.
Does the credit of the cosigner gets affected if car is not paid?
Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.
