Want this question answered?
Typically, replacing a cosigner on a lease would require approval from the landlord or property management company, and they may have specific criteria for accepting a new cosigner. It's best to contact the landlord or property manager directly to discuss the possibility of changing the cosigner on the lease.
Yes it's fine to do so. The cosigner is simply a lender of money because the person they loaned the money too can't get a loan from the bank or get credit of any sort.
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
With a cosigner, ur chances are good, if that's the only 'negative'
a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court
I am in the same boat due to illness and I am looking for a co-signer so I can rent an apt. The bankruptcy has been discharged per the court, and it is hard to rent an apartment sometimes with a co-singer. Everyone has different rules. I believe if you filed a bankruptcy, then had a co-signer, it would have no effect on them, only what you do after they co-sign
Houses and apartment blocks, same as you.
Hell yeah the only thing non refundable is application fee & administration fee.
A co-signer shares financial responsibility for the rental. Unpaid rent, damage to the apartment after moving and so on will fall on your shoulders if the renter does not do as he/she should.
It kind of means the same thing, just some of the part are different.A home means you live in it and it belongs to you.A apartment means you live in a part of the building and it doesn't belong to you/it belongs to you. (If you bought the apartment)
Not unless he or she signed the new lease.
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.