Tenant Co-Signer Risk : ezLandlordForms

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Tenant Co-Signer Risk

Rose S

started a topic almost 13 years ago

Hi, I was thinking of renting to a girl going to school in San Diego County, CA. I ran a credit and background check and she is in collections with 5 different companies. She told me that her father was going to co-sign. He apparently has the income and supposedly a good record. He lives out of town but in a different county. I see it as a greater risk even with a larger security deposit because I would have to purse him regarding a collection on rental default. If he signs the agreement in his county wouldn't I have to pursue him in collections in that county? If anyone has words of wisdom, please let me know. Thank you, Rose

1 Comment

Jess S

said almost 13 years ago

Hi Rose. Def a sticky situation. I know ezlandlordforms does offer a co signer agreement if that helps at all. http://www.ezlandlordforms.com/documents/75/lease_cosigner_agreement/ there is also this doc... http://www.ezlandlordforms.com/documents/87/cosigner_notice_of_overdue_balance/