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If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?
Wiki User
∙ 18y ago
Not unless he or she signed the new lease.
Wiki User
∙ 18y ago
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If you cosigned for an apartment for your brother and later decided to not be on the lease as a cosigner what are your rights?
Call a local attorney for state specific advice. I see a lease as a contract and with the same rights and obligations. IOW, the landlord id right. Your brother only got the apt. because of YOUR credit rating.
If you cosigned on a year lease on an apartment for your son can the apartment hold you responsible when the lease is up if he doesn't pay his rent?
Yes. anytime you co-sign a lease you are 100% responsible not only for the money of rent but 100% of all other terms. Such as damage, late fees, early termination fees, court costs, etc. for the full duration of the family members tenant status. In a lease or month-to-month the co-signer remains responsible until the tenant is no longer on property. If the co-signer wants to be relieved of future liability, then the co-signer should send a written notice to the landlord, before the lease renews or goes month-to-month, requesting he/she to be removed from the agreement as a co-signer. I would imagine the terms and rules would still apply, even though the lease expired and is now month-to-month. So write a letter and give notice that you are ending your arrangement.
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Can you change your mind about renting an apartment after you signed a lease but have not moved in yet?
If u pay first and last but didn't sign a lease or didn't move in can u get full payment back
What responsibility does a cosigner on an apartment lease have?
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
If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?
Yes. If you signed the loan, you are still legally responsible for it.
How do you know if you are a cosigner or co owner?
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
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 you are a cosigner for someone and they default on the payments and the cosigner pays the debt off can you have the past due amount removed from your credit report?
No, you signed, you are equally responsible for the payments, you are also equally responsible for what happens with regard to default. This is why the lender permitted you to sign as a co-securer of the original loan.
Are you legally responsible to pay back the cosigner who signed for you on a rental lease?
No not unless you have an agreement that you had to pay the rent.
If you gave a charged off car back to the cosigner would I be responsible for what they do with it?
Yes. You signed the loan agreement, so you are liable.
How can a cosigner get out of a bad personal loan left to him?
The best and the easiest way to get out of a loan is to PAY IT OFF ! You signed that you would be responsible for the debt !!!!!!
Can cosigner change his mind after signing the contract?
No. Once you have signed you are responsible for making sure the loan is paid. (An exception would be contracts signed at your home which have a right of rescission built in.)
What are cosigner rights in California?
Unless your name is on the vehicle or you reside in the apartment in which you co-signed, you have no rights in the state of California. If your name is on the car or home, then you can take possession and pay the note.
Is the buyer still responsible for buying a vehicle if the cosigner refuses to sign?
The primary borrower is always responsible for the debt if he or she has signed a valid lending agreement. It would seem logical that if the lender required the primary to have a cosigner and the named person refused to take on that responsibility then the transaction would not occur.
If a borrower signed a loan for a cosigner is there a way the loan can be changed into the cosigner's name without refinancing?
No.
