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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.
What else can I help you with?
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
Can a minor obtain a loan with a cosigner?
Yes, a minor can obtain a loan with a cosigner, as the cosigner takes on the responsibility of repaying the loan if the minor fails to do so.
What responsibilities does the cosigner have when agreeing to be a cosigner on a loan?
When agreeing to be a cosigner on a loan, the cosigner takes on the responsibility of repaying the loan if the primary borrower fails to do so. This means the cosigner is legally obligated to make payments on the loan if the borrower cannot.
What is the responsibility of a cosigner when it comes to paying off a loan?
The responsibility of a cosigner when it comes to paying off a loan is to step in and make the payments if the primary borrower is unable to do so. The cosigner is equally responsible for the loan and their credit score can be affected if payments are missed.
Can someone be a cosigner for an apartment if they live in another state?
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
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
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.
Can you be 17 to rent an apartment with a cosigner?
With a cosigner, ur chances are good, if that's the only 'negative'
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.
Can you replace a cosigner for an apartment with another cosigner?
Typically, replacing a cosigner on a lease would require approval from the landlord or property management company, and they may have specific criteria for accepting a new cosigner. It's best to contact the landlord or property manager directly to discuss the possibility of changing the cosigner on the 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?
Can a minor obtain a loan with a cosigner?
Yes, a minor can obtain a loan with a cosigner, as the cosigner takes on the responsibility of repaying the loan if the minor fails to do so.
What responsibilities does the cosigner have when agreeing to be a cosigner on a loan?
When agreeing to be a cosigner on a loan, the cosigner takes on the responsibility of repaying the loan if the primary borrower fails to do so. This means the cosigner is legally obligated to make payments on the loan if the borrower cannot.
What is the responsibility of a cosigner when it comes to paying off a loan?
The responsibility of a cosigner when it comes to paying off a loan is to step in and make the payments if the primary borrower is unable to do so. The cosigner is equally responsible for the loan and their credit score can be affected if payments are missed.
Can someone be a cosigner for an apartment if they live in another state?
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
Can the cosigner of an apartment live in the residence if he is ok with the person living in the apartment?
Yes it's fine to do so. The cosigner is simply a lender of money because the person they loaned the money too can't get a loan from the bank or get credit of any sort.
If an adult child is a cosigner on the mortgage to her parents' home can she be relieved of the debt responsibility when she marries?
The mortgage would have to be refinanced without the participation of the adult child as cosigner. Debts incurred before marriage do not become the responsibility of a new spouse.
