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Cosigner Agreement for Lease Liability

This cosigner agreement outlines the responsibilities of a cosigner for a rental property. The cosigner agrees to be jointly responsible with the tenant for any unpaid rent, damages, or cleaning costs beyond the security deposit. The cosigner is also liable if the tenant assigns the lease to another or sublets the property, unless released in writing by the landlord. If legal action is required, the prevailing party can recover attorney fees and costs from the other parties.

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237 views1 page

Cosigner Agreement for Lease Liability

This cosigner agreement outlines the responsibilities of a cosigner for a rental property. The cosigner agrees to be jointly responsible with the tenant for any unpaid rent, damages, or cleaning costs beyond the security deposit. The cosigner is also liable if the tenant assigns the lease to another or sublets the property, unless released in writing by the landlord. If legal action is required, the prevailing party can recover attorney fees and costs from the other parties.

Uploaded by

api-314505346
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd

Cosigner Agreement

1. This Agreement is entered into on ______, ____, between _____________ (Tenant),


_____________ (Landlord) and _____________ (Cosigner).
2. Tenant has leased from Landlord the premises located at _________________
(Premises). Landlord and Tenant signed a lease or rental agreement specifying the
terms and conditions of this rental on ______, ____. A copy of the lease or rental
agreement is attached to this Agreement.
3. Cosigner agrees to be jointly and severally liable with Tenant for Tenant's obligations
arising out of the lease or rental agreement described in Paragraph 2, including but not
limited to unpaid rent, property damage and cleaning and repair costs that exceed
Tenant's security deposit. Cosigner further agrees that Landlord will have no obligation to
report to Cosigner should Tenant fail to abide by the terms of the lease or rental
agreement. (For example, if Tenant fails to pay the rent on time or damages the premises,
Landlord has no duty to warn or inform Cosigner, and may demand that Cosigner pay for
these obligations immediately.)
4. If Tenant assigns or subleases the Premises, Cosigner shall remain liable under the
terms of this Agreement for the performance of the assignee or sublessee, unless
Landlord relieves Cosigner by express written termination of this Agreement.
5. If Landlord and Cosigner are involved in any legal proceeding arising out of this
Agreement, the prevailing party shall recover reasonable attorney fees, court costs and
any costs reasonably necessary to collect a judgment.

Landlord: ____________________________

Date: ____________________

Tenant:

____________________________

Date: ____________________

Cosigner: ____________________________

Date: ____________________

2003 Nolo

Cosigner Agreement

Page 1

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