0
What are the responsibilities of the guarantor on an apartment lease?
Wiki User
∙ 15y ago
A guarantor is someone who has agreed to be legally bound to pay certain debts of another person if that other person does not, for any reason, pay his or her own debts. A guarantor of an apartment lease will be liable for the rent not paid by the tenant, as well as for any damage done and repairs not made by the tenant. Being a guarantor involves much more than simply being a reference for another person. Being a guarantor could end up costing someone thousands of dollars.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
Can a minor disaffirm the lease of a apartment even if the apartment is not necseeary?
A minor cannot sign a binding contract for lease of a premises.
Why would i be denied a lease?
How to be approved for an apartment
What do you do if your spouse removes your name of a apartment lease and no laws have been broke?
Are you asking what to do if your spouse removes your name off an apartment lease? If so, and you guys are on the lease together, he can't take your name off the lease. If he had the lease prior to you moving in and added you as someone dwelling in the apartment and is now removing your name from that list there isn't really much you can do I'm afraid.
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.
Does a guarantor have to sign a lease for his responsibility as the guarantor?
Yes
Apartment Maintenance Responsibilities?
Protect your rights as a landlord or renter: use a rental or lease agreement to outline renter and landlord responsibilities for apartment maintenance.Click here to fill out the Apartment Maintenance Responsibilitiesform
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 apartment complex hold me liable as a guarantor when I was unaware of terms and did NOT sign contract or lease and did not provide consent for your signature?
They could go after you, but that would mean proving to a judge that you actually did sign the lease as a guarantor. It would come down to who the judge believed, and probably a comparison of signatures by the judge. Anything could happen, but the burden of proof would be on the landlord, and it would be tough.
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
When a child turns 18 do they have to be put on the rental or lease agreement?
If the lease restricts who can live in the apartment, as long as your son is listed as an occupant on the lease, he or she can continue to live in the apartment (unless the lease specifically states otherwise). If the lease does not have a restriction on occupants, your son can continue living in the apartment as well.
Can a minor disaffirm the lease of a apartment even if the apartment is not necseeary?
A minor cannot sign a binding contract for lease of a premises.
If I am renting an apartment and it floods multiple times due to a faulty drain outside of the apartment what are my responsibilities and what are my landlord's?
Your lease should answer all of these questions. The landlord should take care of what is theirs (carpets, drywall, etc.) They will not cover the contents of your apartment. This is why you should always get renters insurance!
Does a legal California one year lease require to contain landlord responsibilities?
The landlord has many responsibilities under the law. Whether they are spelled out in the lease or not doesn't change that. The lease can add responsibilities for the landlord.
What steps to take when leasing apartment ?
In order to get an apartment lease you need to go out and look for apartment. Once you have found one that you like and one that is in your price range you would sign a lease with the apartment complex.
Cosign lease extension?
To cosign a lease extension means to become legally responsible for the lease agreement alongside the primary tenant. This includes agreeing to uphold all terms and obligations of the extended lease period as a form of guarantee for the landlord in case the primary tenant is unable to fulfill their responsibilities. It's important to understand the implications and commitments involved before agreeing to cosign a lease extension.
Can an apartment complex let you into your dads apartment if you are not on the lease?
Not without a court order.
