What obligates the co-signer of a lease?
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What obligates the co-signer of a lease?
My landlord required a co-signer for my lease of commercial property, however the co-signer’s name and signature is not on the lease. The co-signer just had to fill out a credit/background check form. Does that mean that the co-signer is not legally obligated as a co-signer?
Asked on September 2, 2012 under Real Estate Law, Michigan
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
A lease is a contract and if some one is to be liable under the terms if a contract then their signature has to be present on the contract. It has to be "signed by the party to be charged." Get a copy of the paperwork that they filled out to be sure. Good luck.
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