Legal Question in Landlord & Tenant Law in New York

Cosigning for apt

I have been asked to co-sign for an apt for an aqauintance whose credit isn't good. If I do so, what are the legal responsibilities I have in case this person fails to pay the rent? Can I be held responsible for her by co-signing?


Asked on 6/30/04, 6:50 pm

2 Answers from Attorneys
Stephen Loeb Law Office of Stephen R. Loeb

Re: Cosigning for apt

By co-signing for the apartment. You are guaranteeing payment for it. If your friend fails to pay, oyu will be completely responsible.

Should you like to discuss this or any other legal matter, you can call my office to schedule an appointment for a consultation or in the alternative, I can be reached for on-phone low-cost legal consultation at 1-800-275-5336 x0233699.

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Answered on 7/01/04, 2:30 pm
Debra Palazzo Law Offices of Debra Palazzo, LLC

Re: Cosigning for apt

You will be totally and individually responsible.

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Answered on 6/30/04, 11:37 pm


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