Michigan Landlord Tenant Lease Co-Signer Agreement

Michigan Landlord Tenant Lease Co-Signer Agreement
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State:
Michigan
Control #:
MI-831-11
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Available formats: Word | Rich Text

Description

This is a Landlord Tenant Lease Co-Signor Agreement for use by a landlord in contracting with a cosignor on a lease to be liable for rent, damage, etc., if the tenant fails to pay. Cosignor is thereby liable to landlord for payment of rent should tenant not fulfill his/her contractual obligation.

The cosigner is also sometimes be called a guarantor. A guaranty is a contract under which one person (guarantor) agrees to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. Usually, the party receiving the guaranty will first try to collect or obtain performance from the debtor before trying to collect from the one making the guaranty (guarantor).

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FAQ

Can you have a cosigner on a lease?

How do I add a cosigner to my lease?

What are the risks of co-signing a lease?

Can you add someone to a lease after signing?

Do landlords accept co-signers?

What is a co-signer for rental agreement?

How much does it cost to hire a cosigner?

How long does a co-signer stay on a lease?

Do Cosigners need to sign the lease?

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