Landlord Tenant Lease Co-Signer Agreement - Utah 2025

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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.
A guarantor lease addendum is a document that adds a guarantor to an existing rental agreement. The guarantor, or co-signer, will be responsible for paying the landlord if the tenant violates the lease.
Cosigners have equal responsibility for payment of monthly rental costs, while a guarantor is generally sought for payment only when the property occupant is unable to make the rental payment.
A guarantor lease amendment is a legal document that modifies a lease to enable a third-party to guarantee the tenants rent. By signing the document, a non-tenant party, or guarantor, agrees to co-sign for the same terms and conditions as the tenant.
A co-signer is a person who agrees to take legal responsibility for someone elses debt. If the primary borrower fails to meet their financial obligations on a loan or lease, the co-signer is held accountable for any missed payments.

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Create a state-specific lease agreement outlining the terms of the co-signer 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.
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.

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