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What legal obligations does a father take on when he cosigns for his 22-year-old daughter who is renting her first apartment?
Wiki User
∙ 17y ago
did you mean "who is he 1st renter on the apartment?" your daughter would be, but if she fails to meet all requirements of the lease agreement ie.staying the term, getting pets, or roommates, or damages the property and moves out, if she does not pay for damages or rent or rent when she was supposed to stay for so long but did not, then you can be held responsible for anything owed.
Wiki User
∙ 17y ago
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Will it reflect on my credit if my father cosigns on a loan with me?
Yes, it will report equally.
If someone cosigns a loan for you will it show up on their credit report?
yes
Who is the owner of a loan that is co-signed?
The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.
If someone cosigns your auto loan are they responsible for your other debts or only the auto loan?
Just for the auto.
If I pay my loan payments on time will the person who cosigns for me be at risk?
if you are paying on time there is no risk to the co signer
Can you lease a car at 18 if your mom cosigns?
It depends on what country you are in. In America, you can do so in every state except Maine.
If one spouse cosigns a loan is the other spouse responsible?
Yes, so be careful. You have to be sure that you will stay with your spouse.
If your father cosigns for you to get a car is his name on the title and can he take it away?
To my knowledge, yes his name will be on the title and he would have equal rights to the vehicle.
If someone cosigns on a vehicle loan does it affect that their credit?
Yes. If the original borrower defaults, and the cosigner is unable to take over the debt.
If your spouse co-signs for someone will it affect your credit too?
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
What happens if a relative cosigns for a business loan and he dies?
my mother cosigned for a leased car for my sister. my mom has died. what do we do with the car? will my sister now be responsilbe?
If your father cosigns for you to get a car and it is in both your names and he dies can his wife your mother take the car from you?
If you are under age and she is making the payments, yes. Look its probably wiser she takes your dads place in this arrangement.
