Legal Question in Real Estate Law in Florida
co-signer on rental property
My husband co-signed on a rental house for my son in Michigan. His lease was up, moved out and now the property mgmt company is making a claim in the amount of $2700 in damages. If they replace for instance an old chair can they charge you new price for that and can my husband be sued for damages as well.
2 Answers from Attorneys
Re: co-signer on rental property
You'd have to ask a Michigan lawyer, so repost your question and change your state. I think the Michigan lawyer is going to say, "No, you can only get replacement value," and "Yes, they can go after your husband, depending on what the lease says," but that's only friendly advice, not legal advice, since my law license only works in Florida.
Re: co-signer on rental property
You will need to consult Michigan law with regard to their landlord-tenant laws. A review of the lease would be in order as well.
Generally speaking though, a co-signer is obligated for the same liabilities as the primary signer.
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