How do I remove myself as co-signer on a rental agreement?
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How do I remove myself as co-signer on a rental agreement?
2 years ago I co-signed a rental agreement for space in a mobile home park for my son. I would like to remove myself as co-signer and of course remove myself from any responsibility here on. How do I go about this correctly/responsibly? I don’t want to be responsible for this forever.
Asked on March 13, 2011 under Real Estate Law, Missouri
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
The only way to remove yourself as a cosignor would be if park and your son both agree to allow you to be released, or--the functional equivalent--the park and your son execute a new rental agreement that does not include you. That's because all parties to a contract, including a rental agreement, must agree to any changes in it, including removing one party from the agreement; a party may not unilaterally remove him, her, or itself. If or when the agreement expires, refuse to sign it again; then it's up to your son and the park to work something out that does not include you as cosignor--if they can; it may be that the park will not rent to your son w/out a cosignor.
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