A co-signer shares financial responsibility for the rental. Unpaid rent, damage to the apartment after moving and so on will fall on your shoulders if the renter does not do as he/she should.
No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.
Not unless he or she signed the new lease.
I cosigned for my daughter five years ago on and apartment. Mu daughter is self employed. Her boyfriend has now moved in and wants to take responsibility for the rent. Land lord will not take me off the lease. What can I do?
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
Hell yeah the only thing non refundable is application fee & administration fee.
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
Yes. That's the idea.
Yes, that is the premise of having a cosigner. The person cosigning must have a reliable, acceptable level of income and a good credit history.