Karen Kusek

Broker, ABR, CNE, CRS, e-Pro, PMN

Co-Signing a Lease? 5 Legal Considerations

By Betty Wang

 

Are you co-signing a lease or rental agreement, or thinking about it? If so, there are many legal considerations that you should think about first.

When you co-sign a lease, you are essentially signing the lease as if it were your own. This means that you are exposing yourself to full liability on the lease. You won't be the back-up person, but the main person.

Co-signing a lease for someone is definitely not a decision to make lightly, even though you won't be a tenant. Here are five legal considerations to keep in mind:

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