Are you co-signing a lease or rental agreement, or thinking about it? If so, there are many legal considerations that you should think about first.
When you co-sign a lease, you are essentially signing the lease as if it were your own. This means that you are exposing yourself to full liability on the lease. You won’t be the back-up person, but the main person.
Co-signing a lease for someone is definitely not a decision to make lightly, even though you won’t be a tenant. Here are five legal considerations to keep in mind:
To learn more and better prepare yourself for the process of co-signing, you may want to consult an experienced landlord-tenant attorney near you.
Related Resources:
- 5 Smart Legal Moves Before You Sign a Lease (FindLaw’s Law and Daily Life)
- Are Tenants Liable for Burglary Damages? (FindLaw’s Law and Daily Life)
- The Top Ten Lease Terms You Should Have When Renting (FindLaw’s Law and Daily Life)
- Get an Attorney to Review Your Lease With a Legal Plan From LegalStreet (LegalStreet.com) (Disclosure: LegalStreet and FindLaw.com are owned by the same company.)
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