Legal Question in Real Estate Law in California
When is a co-signer not liable anymore?
If you co-sign a rental agreement for someone and the lease is for six months, are you still liable after the six months when the lease goes to a month to month?
Asked on 8/28/01, 6:19 pm
2 Answers from Attorneys
Joel Selik
www.SelikLaw.com
Re: When is a co-signer not liable anymore?
It depends on what agreement says. Since leases usually turn into month to month you probably continue to be liable. The tenant should now sign a new lease.
Answered on 9/17/01, 8:02 am
Robert Miller
Robert L. Miller & Associates, A Law Corporation
Re: When is a co-signer not liable anymore?
Thanks for your posting. As a co-signer, you are either pledging to pay 1/2 of the rent, or you are promising to pay in case of default of the other person. In most cases, that would be for the entire contract, not just for a specified period.
Answered on 9/17/01, 2:19 pm
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