Asked by: Donita Nociasked in category: General Last Updated: 11th February, 2020
How can I get out of a cosigned lease?
Hereof, how do you get out of a lease for 2 people?
The Good News: You Have Options
- Get Another Roommate. If your roommate stops paying the rent but leaves, your landlord might allow you to find another roommate and allow the new person to take over the lease.
- Find Another Place. If you can't afford the rent on your own, you can arrange to move.
- Stay and Sue.
Also Know, can a cosigner evict a tenant? If it is a co-signer for a lease the answer would be no. Evictions are conducted by the Landlord. Typically the timely payment of rent is only one of the covenants to which a tenant is obligated. So there could be other reasons to evict a tenant.
Subsequently, question is, how long does a cosigner stay on a lease?
As a general rule, unlike so many things in life, co-signing is pretty much forever. In the case of a lease, this means that the co-signer is responsible for the lease for the duration of the agreement, whether it's a six-month lease, a yearlong lease or for some other period.
What are my rights as a cosigner on a lease?
If a cosigner is listed as a tenant on the lease that's something entirely different but a cosigner/financial guarantor who's not on the lease has no rights under that lease and is simply guaranteeing payment in the event of any financial default of the lessee.