I'm pretty sure the cosigner doesn't have to pay it. If the tenant dies suddenly, I wouldn't think his/her family would be obligated to pay the rent, because I'm sure they would move everything out when the tenant dies.
Then the rent is paid, and everything remains status quo.
Does_the_cosigner_have_the_legal_right_to_have_the_tenant_move_out_before_lease_is_expired_due_to_no_rent_paid
The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
If a cosigner does not carry renters insurance, it generally does not affect the primary tenant's ability to rent the property, as renters insurance is typically the responsibility of the tenant. However, the landlord may require the tenant to have insurance to protect their property and mitigate risks. Without a cosigner having their own renters insurance, the tenant may be solely liable for any damages or losses, which could lead to financial strain if issues arise. Additionally, landlords may view the lack of insurance as a risk factor, potentially impacting lease negotiations.
A tenant farmer
Yes, as a landlord, you can increase the rent on your tenant, but you must follow the laws and regulations in your area regarding rent increases and provide proper notice to the tenant.
With a cosigner, ur chances are good, if that's the only 'negative'
Yes, a tenant in common can rent out their share of the property to another party.
Absolutely not. A lease must be executed only between the apartment complex or landlord and tenant -- no one else! Besides, it would not make sense to have a cosigner for a section 8 lease, when the rent is being subsidized by the federal government, guaranteeing that its portion of the rent will be paid on time and the tenant pays an affordable amount which is based on his income. So there would be no need for cosigner. Because of this, it should be noted that the section 8 program does not allow one to have roommates.
Absolutely not. A lease must be executed only between the apartment complex or landlord and tenant -- no one else! Besides, it would not make sense to have a cosigner for a section 8 lease, when the rent is being subsidized by the federal government, guaranteeing that its portion of the rent will be paid on time and the tenant pays an affordable amount which is based on his income. So there would be no need for cosigner. Because of this, it should be noted that the section 8 program does not allow one to have roommates.
Our tenant always pays his rent on time.
The landlord must prepare the unit for rent as he would if the tenant moved out. In some states, if a tenant dies in the unit of a homicide or suicide, or was found in advanced decomp, the Landlord must state this to the potential tenant if such death occurred within the past eighteen months before any tenants move in, or the tenant can break the lease and sue the landlord for omission of a material fact.