Can a co-signer take their name off a lease?

Without the landlord's consent, a co-signer cannot be removed from a lease. With the landlord's consent, a co-signer can be removed from a lease. A lease is a binding contract that cannot be altered unless all the parties to the lease agree...

US Legal Forms
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Agreements - Agreement Forms
Virginia
Virginia Amendment to Lease or Rental Agreement

Amending Lease Agreement With Co-signer

Category:

Landlord Tenant - Residential Leases - Amendments

State:

Virginia

Control #:

VA-842-11

Format:

Instant download

Description

The Amending Lease Agreement with Co-Signer is a crucial document that facilitates modifications to a lease or rental agreement between a landlord and tenant. This form captures essential details such as the original lease date, the names of the landlord and tenant, and the specific changes being made to the agreement. It is designed to ensure that all amendments are clearly laid out and legally binding while maintaining the integrity of the original lease. The document stipulates that all other terms of the original lease remain unchanged unless specifically contradicted by this amendment. Filling out this form requires careful attention to detail, including the signatures of all parties involved. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured way to address changes in lease agreements, such as adding a co-signer or altering rental terms. It encourages collaboration and clarity among parties, ensuring that all modifications are legally recognized. Overall, this form serves to protect the interests of both landlords and tenants by formalizing necessary adjustments in a straightforward manner.

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FAQ

Without the landlord's consent, a co-signer cannot be removed from a lease. With the landlord's consent, a co-signer can be removed from a lease. A lease is a binding contract that cannot be altered unless all the parties to the lease agree...

According to Nolo, a cosigner is a person designated to make the rental payments if the tenant does not pay. They sign their name to the lease agreement and are held fully responsible for rent if the tenant stops paying rent.

Create your state-specific lease agreement outlining the terms of the cosigner and the responsibility of each party and add both parties to the lease agreement. Get all parties to sign so the lease agreement is legally binding. Make sure they both understand when and how rent should be paid every month.

This Cosigner Addendum adds the undersigned as a Cosigner to the Application and Promissory Note (Note) for a student loan for the borrower listed in Section B below. The terms of this Cosigner Addendum will be incorporated into the Note by the Cosigner's signature below.