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Can a tenant sign a lease takeover with the new tenant if they have a guarantor on the original lease and the guarantor hasn't signed the lease takeover?
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
What else can I help you with?
Can a guarantor sue the tenant in case of default on the lease agreement?
Yes, a guarantor can sue the tenant for defaulting on the lease agreement.
Can a guarantor legally evict a tenant?
No, a guarantor cannot legally evict a tenant. Only the landlord or property owner has the legal authority to evict a tenant through the proper legal channels.
What is the difference between a tenant and a guarantor in a rental agreement?
A tenant is the person who rents and lives in a property, while a guarantor is someone who agrees to pay the rent or cover any damages if the tenant is unable to do so.
Can you be a guarantor for the rent?
Yes, you can be a guarantor for someone's rent, which means you agree to pay the rent if the tenant is unable to do so.
Can a guarantor break a lease agreement?
In most cases, a guarantor cannot break a lease agreement on behalf of the tenant. The guarantor's responsibility is to ensure that the tenant fulfills their obligations under the lease, such as paying rent. If the tenant wants to break the lease, they typically need to do so themselves according to the terms of the lease agreement.
Can a guarantor terminate a lease agreement?
In most cases, a guarantor cannot terminate a lease agreement on behalf of the tenant. The guarantor's responsibility is to ensure that the tenant fulfills their obligations under the lease, such as paying rent. If the tenant wants to terminate the lease, they typically need to follow the terms outlined in the lease agreement, such as giving proper notice to the landlord.
What are the responsibilities of the guarantor on an apartment lease?
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.
One tenant signed the other didn't?
Only the person who signed is a party to the contract. The tenant who didn't sign is not bound by the lease.
What is a guarantor?
A guarantor is someone who agrees to sign an agreement (most typically a rental agreement) and basically guarantees that if for some reason the tenant cannot pay, the guarantor will make the payments. This most commnoly happens in a college evironment when a student needs to have a parent sign onto the lease as a guarantor so the Landlord feels comfortable that if the student cannot make the payments, the parents will.
Does a lease agreement have to be signed by the owner and tenant?
yes !
How do i change the name on the deed after tenant in common signed quit claim?
You don't change the name on the original deed. You now have a deed from the other grantee in your original deed. Therefore, you have acquired your title to the property in two deeds.
Does a lease agreement need to be notarised?
No, just signed by the Landlord and Tenant.
