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Yes, a co-signer has agreed to pay the rent for the duration of he lease if the primary fails to pay. That is the purpose of the landlord in requiring a co-signer.

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9y ago

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Related Questions

Can a cosigner register a car?

Yes, a cosigner can register a car, but they are not the primary owner of the vehicle. The cosigner is responsible for the loan if the primary owner fails to make payments.


Can a cosigner become the primary borrower on a loan?

No, a cosigner cannot become the primary borrower on a loan. The cosigner's role is to provide a guarantee for the loan in case the primary borrower fails to make payments.


Can a cosigner remove the primary borrower from a loan agreement?

No, a cosigner cannot remove the primary borrower from a loan agreement. The primary borrower is responsible for the loan, and the cosigner is only responsible if the primary borrower fails to pay.


When applying for an apartment in Maryland as a cosigner will the salary of the the tenant be taken into consideration or the cosigners?

Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.


Can you have a cosigner on a home equity loan?

Yes, it is possible to have a cosigner on a home equity loan. The cosigner agrees to be responsible for the loan if the primary borrower fails to make payments.


Can you hire a cosigner to help secure a loan or rental agreement?

Yes, you can hire a cosigner to help secure a loan or rental agreement. A cosigner is someone who agrees to be responsible for the debt if the borrower or tenant fails to make payments.


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.


Is it possible to buy a cosigner for a car?

No, it is not possible to buy a cosigner for a car. A cosigner is someone who agrees to be responsible for the loan if the primary borrower fails to make payments. They cannot be purchased or hired.


Does the lender have to notify you as a cosigner if the primary borrower fails to make a payment?

No, but if the borrower misses enough payments, the cosigner will start getting collection calls as well.


Can you get a cosigner for a home equity loan?

Yes, you can have a cosigner for a home equity loan. A cosigner is someone who agrees to be responsible for the loan if the primary borrower fails to make payments. Having a cosigner can help you qualify for a loan or get a lower interest rate.


What legal rights does a cosigner have in a loan agreement?

A cosigner in a loan agreement has the responsibility to repay the loan if the primary borrower fails to do so. The cosigner is legally obligated to make payments and has the right to receive notifications about the loan status.


What legal rights does a cosigner have to a vehicle?

A cosigner of a vehicle loan is typically equally responsible for the debt if the primary borrower fails to make payments. However, the cosigner does not have ownership rights to the vehicle unless specifically stated in the loan agreement.