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Apartment cosigner requirements

Property management tenant co signer 2025

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The document is a Tenant Co-Signer Agreement from Pacific Sun Property Management, Inc., outlining the responsibilities and information required from a co-signer for a tenant's rental agreement. It includes sections for personal details of the co-signer, their relationship to the tenant, employment information, and an acknowledgment of their guarantee for the tenant's obligations under the lease.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How does eviction affect a cosigner?

The eviction notice/notice to quit can be served at the rental unit (meaning that if the co-signer is not living there, the co-signer may not receive the notice). Unfortunately, a co-signer can be held financially liable for unpaid rent.

Can a landlord evict one person and not the other?

So the short answer is yes; you can. The law allows you to evict just one tenant for any reason including unpaid rent. The thing is that if you do that the other tenant is responsible for that portion of the rent so you have to be clear whether that person can cover it or if you want to just enter into a new deal.

How do I protect myself as a cosigner on an apartment?

Here are 10 ways to protect yourself when co-signing. Act like a bank. Review the agreement together. Be the primary account holder. Collateralize the deal. Create your own contract. Set up alerts. Check in, respectfully. Insure your assets.

What happens if a co-applicant has an eviction?

So, if your co-applicant has an eviction on their record but you dont, it could potentially affect your rental application. Landlords often take into account the rental history of all applicants to ensure theyre choosing reliable tenants. However, it doesnt automatically mean youll be turned down.

Can a co-signer evict a tenant?

Only the owner/landlord can evict. Tenants and co-signors do not have the authority.

Do landlords have to accept co-signers?

Landlords generally have the right to choose whether to allow co-signers or not. Landlords can also generally choose whether they want to allow individual co-signers or commercial co-signer services.

What is a co-signer for a rental property?

The cosigner is a party with an established financial history who agrees to back up one or more tenants on the lease. They function as a safety net for the landlord. If the other people named in the lease cant make rent or cause damages they cant afford to repair, the cosigner has agreed to pay instead.

Property management tenant co signer 2025

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