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Cosigners sign the apartment lease with you, taking on the same financial responsibility as a tenant and then some. A cosigner is someone who agrees to sign a lease agreement with you.If you want to avoid asking your parents or another family member, there is a rental cosign service called Insurent. If the lessee (tenant) fails to pay the rent, the landlord can require the cosigner to pay, including specified penalties and fees. They bear the legal responsibility for the rent and can live in the property. Are they a family member? A cosigner is considered a party to the agreement. To secure an apartment, you could also hire a co-signer service. For a fee, they will guarantee to your landlord that they will pay your rent if you do not. When you cosign on an apartment lease, you're liable for rent payments and your credit could be affected whether or not the rent is paid.
