Legal Question in Landlord & Tenant Law in California

Co-sign Agreement

I co-signed a rental agreement for my brother and his girlfriend. They have been served with a 3 day notice for non- payment of rent. Am I liable for past rent and late payments ?


Asked on 9/07/07, 4:16 pm

1 Answer from Attorneys
Robert L. Bennett Law offices of Robert L. Bennett

Re: Co-sign Agreement

Absolutely!

A cosigner guarantees payment, and is only necessary, when the other signer, or signers, have bad credit and/or poor payment history.

Next time you sign a contract, read it carefully.

In addition, if your brother and girlfriend do not pay, it will appear on your credit reports as an eviction, which is about equally as bad as a bankruptcy, if and when you need additional credit.

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Answered on 9/07/07, 4:22 pm


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