Multiple Co Signers On A Lease

Tennessee Landlord Tenant Lease Co-Signer Agreement
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State:
Tennessee
Control #:
TN-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

Is a lease guarantor the same as a cosigner?

Can a co-signer evict a tenant?

How does co signing affect me?

What information does a cosigner need to provide?

Do Cosigners need to sign the lease?

What are the risks of co signing a lease?

How long does a cosigner stay on a lease?

What is a co-signer on a rental agreement?

Does a cosigner need to fill out an application?

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