QUESTION
If you co-sign for someone for rent and they have to renew each year, shouldn't you have to resign also?
Asked on Apr 08th, 2013 on Landlord and Tenant Law - Utah
5 ANSWERS
That depends on the language of the contract. I suggest that you get a copy and read it carefully. If you don't want to be responsible any longer, send a letter stating that to the landlord.
Answered on Apr 24th, 2013 at 3:02 AM
Car/Auto Accident Attorney serving Hacienda Heights, CA
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Gary Lee Platt
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Not necessarily. The landlord might require a co-signer for a new tenant who doesn't have sufficient credit history (or a bad one), however, for a lease renewal, after having made rent payments promptly for a year, the landlord might not need another co-signer. It's up to the landlord.
Answered on Apr 09th, 2013 at 8:13 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Yes. That would be the correct answer.
Answered on Apr 09th, 2013 at 7:43 PM
Litigation Attorney serving St. Louis, MO
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Probate Law Center Richard J. Keyes, PC
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For your own personal liability, it is better to not have to re-sign. The personal has shown responsibility by making timely monthly payments and there should be no need to have to re-sign.
Answered on Apr 09th, 2013 at 7:37 PM
Lisa Hurtado McDonnell
Well the reasons they needed a co signer was because they did not have good enough credit on their own has that situation changed.
Answered on Apr 09th, 2013 at 12:26 AM