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If you cosigned a rental lease in February but the renters cannot move in until May is there any way to get your name off the lease if you no longer wish to be a cosigner?
Wiki User
∙ 17y ago
As a contract, a lease is binding on the parties under its terms, and there may be specific words about what to do in this situation, but usually you can get out only if everyone else agrees to start over. In general: If you cosigned then you are a partner with all the other cosigners (for the purpose of paying rent) until they agree to carry your portion of the burden and the landlord agrees to release you from your obligation (accepting a new agreement with the remaining cosigners). First you should get agreement from your partners (to release you) and then they can present their new offer to the landlord, perhaps with a substitute for you.
Wiki User
∙ 17y ago
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Does renters insurance covers a locksmith?
most of the time NO renters insurance only covers whats in an APARTMENT. However you can get insurance from the storage unit to cover whats being stored in the unit..hope this helps
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A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
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Can a landlord rent a house with a locked room that renters cannot enter?
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If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?
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If the cosigner for a car loan lives in a different state but cannot travel can the dealer travel to them to get the cosigner forms completed?
U.S.Mail or Fax and a Notary Public is all you need.
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.
If you are making sporadic payments to a collection agency and they cash them can they still sue the cosigner?
Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.
Is a cosigner liable for an automotive repossession in Michigan?
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
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You cannot sell the car as you do not own it. The only thing you can do is try and persuade the owner to sell the car.
What are the rights of a cosigner?
A cosigner is a person who signs with another person for a loan of some sort due to credit issues or financial reasons. A cosigner unfortunately does not have as many rights as the person who is first listed on a loan. For example, if you purchase a car and your boyfriend/girlfriend cosigns for you and you two break up, they cannot take the car away from you. However, if you are late on payments, the cosigner will then be responsible for the payments.
What are the options if an exfiance wants off a cosigned student loan but the borrower cannot get another loan to pay off or refinance the cosigned loan and no the loan has never defaulted?
Since your ex-fiance cosigned on the loan, they are just as much obligated to the contract as you are. The only way they could get their name "off the loan" was, as you said, for the original borrower to obtain a new loan, in order pay off the original obligation. If this is not possible, then she is locked into the original contract.
