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Leasing Issues
Lease co-signer
J
Joel B
started a topic
over 8 years ago
What do you suggest/recommend when a prospective tenant asks you to agree to a co-signer on the lease? Parents for example.
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L
Leonard D
said
over 8 years ago
If they asked me I would feel like they were preparing to put the rent on the co-signer(parents). If you do want to accept this tenant I would be sure to run credit on the co-signers.
J
Joel B
said
over 8 years ago
Thanks Leonard, think that is the correct approach. Joe B
R
Ross A
said
over 7 years ago
And here is the tip from me, you must be able to get in touch with the cosigner. If the tenant cannot meet their rental obligations, you will need to have a way to get in touch with their cosigner to collect the money that is owed to you. If tenant offer 2 co-singers, you should probably consider this option as well.
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