Legal Question in Real Estate Law in California

Co-signing a lease for a term

I have a prospective tenant who does not have a credit card (therefore, I believe no credit score to evaluate). What is the implication of having a co-signator on a lease for the specified term? Would such a co-signator be equally responsible for making those payments if the principal tenant defaults or is late in paying the rent?


Asked on 1/26/09, 7:33 pm

1 Answer from Attorneys
Roy Hoffman Law Offices of Roy A. Hoffman

Re: Co-signing a lease for a term

Have the "co-signer" sign a personal guarantee that he/she will be personally responsible for making any payment which the tenant fails to make.

Read more
Answered on 1/26/09, 7:35 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in California