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What responsibility does a cosigner on an apartment lease have?
Wiki User
∙ 12y ago
a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court
Wiki User
∙ 12y ago
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How much is security deposit for an apartment?
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Can you sign a lease if you need a cosigner for an apartment and the cosigner has not yet agreed to cosign?
The other party (lessor) won't accept the lease if they have already told you that you require a co-signer.The other party (lessor) won't accept the lease if they have already told you that you require a co-signer.The other party (lessor) won't accept the lease if they have already told you that you require a co-signer.The other party (lessor) won't accept the lease if they have already told you that you require a co-signer.
Does breaking a lease hurt cosigners credit?
That is why the cosigner is there. To back up the contract if you bail.
How does a late payment on an apartment lease affect your credit rating?
Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.
What are the obligations of a cosigner on an apartment lease?
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.
If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?
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.
If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?
Not unless he or she signed the new lease.
How long should a cosigner stay on the lease if they cosign for an apartment?
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?
Accepted for apartment based on having a cosigner Now cosigner will not sign lease Can you get your deposit back?
Hell yeah the only thing non refundable is application fee & administration fee.
Can you replace a cosigner for an apartment with another cosigner?
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
How much is security deposit for an apartment?
Depending on the lease or the apartment Depending on the lease or the apartment Depending on the lease or the apartment
Can a cosigner on a lease evict a tenant?
no
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Does your cosigner have to be present when signing the lease?
Yes.
Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
If a 17-year-old with a 6-month-old wanted to move out in Missouri could they sign a contract with a cosigner for an apartment?
Until you are 18, or are legally emancipated, you won't be able to sign a binding contract for the lease. But the owner may accept the cosigner's signature.
