Add co signer rental agreement

Other Names: Co-Signer Agreement Form Lease Co-Signer Agreement Cosigning Apartment Lease Cosigner Lease Agreement

What is a Co-Signer Agreement?

A Co-Signer Agreement is a legally binding document that outlines the responsibilities and obligations of a co-signer on a Lease Agreement. Co-Signer Agreements help show landlords that rental payments are secure, even if the financial situation of the lease’s primary signer is unstable. With the Co-Signer Agreement signed by a financially secure third party, the tenant and the landlord have a backup who agrees to take on the financial responsibility of the lease if the primary tenant can’t fulfill their obligations. Typically, a Co-Signer Agreement includes information about the co-signer and their finances as well as rent payment obligations of the primary signer. One can be attached to your Lease or Rental Agreement to prove that a co-signer has agreed to assume financial responsibility if the tenant is unable to make payments. Get started on making your own Co-Signer Agreement with Rocket Lawyer!

When to use a Co-Signer Agreement:

• You are a landlord with tenant(s) who may be unemployed or have a poor or no credit history.
• You are a tenant who is unemployed or who has poor or no credit history but has a parent, friend, or financial backer who has agreed to assume financial responsibility in the event that you cannot pay the rent, utility, or other costs related to the lease.
• You are a co-signer and have agreed to assume financial responsibility for a friend, family member, or acquaintance should they become unable to pay their rent or other lease obligations.

Sample Co-Signer Agreement

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Legally binding and enforceable