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Are you still liable if you cosign on an apartment and someone moves out and someone else moves in?
If you co-sign you are always responsible (even if the person claims bankruptcy you will still be responsible) unless you have a legal agreement that someone else will be taking over the payments for you. If you are talking about a roommate situation, the apartments usually have something called a "roommate" agreement. Ask the apartment. Co-signing for something that can't be used as collateral is always bad.
What else can I help you with?
If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
If someone moves in your house and you move out and they pay your mortgage is this considered income and do you have to pay taxes on it?
Yes you would have some rental income that you would be required to report on your income tax return.
Why would a person be trying to find a reverse mortgage lender?
Someone might be looking for a reverse mortgage because the loan doesn't usually need to be paid back until the borrower dies or moves out of their home.
Who pays the mortgage after a divorce?
the one that stays behind.Not the one that moves out
What is responsibility of a co-signer for an apartment?
Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.Co-signers are jointly and severally responsible. That means that each is fully responsible for all the obligations under the lease and either could be sued for damages, unpaid rent, breaking the lease, etc. If one moves out without paying their share the remaining one will need to pay.
If you leave a 1 year lease on a apartment early would you still be liable to pay the remaing months if a new tentant moves in?
Yes...unless your rental agreement has a clause addressing sub-letting
If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
In Texas if a 17 year old moves out are you still liable to pay child support?
Yes, they are a minor
Is the Pope's apartment sealed forever after he dies?
No, his posessions are cleared out and the next pope moves in.
What happens if one person moves out that signed a lease agreement?
They have violated the lease contract and can be held liable for damages.
If your seventeen yr old daughter moves out and gets an apartment on her own does support still have to be paid?
Nope.
Do you pay support when daughter is eighteen out of high school has a child and moves into apartment with boyfriend?
no if she is 18 and not in collage.z
Does anyone remember the name of the movie where this guy moves into an apartment and the girl how lived there before haunts it?
Just Like Heaven
How do you get more people in your town on animal crossing?
Well you can have up to 8 animals in your town and if someone moves away someone else moves in.
Someone who moves from farm to farm?
a Decker
American husband and wife buy an apartment in Brazil wife leaves husband and moves to Brazil husband wants to sell wife refuses what can be done legally?
The husband can sell his 50% of the apartment to the wife or to anyone he wants
If almost 18 yr old moves out on her own are parents liable?
Almost 18, yes. The child can not move out without your consent and you are responsible for them and what they do until they are 18.
