Wht is a co-signer’s liability for a renewal lease that they didn’t sign?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Wht is a co-signer’s liability for a renewal lease that they didn’t sign?
My roommate and myself signed a 1 year lease. The year lease was up so we signed another year lease. Is the co-signer responsible if we break the new lease. The 2nd lease wasn’t anything but a single piece of paper that we both signed but not the co-signer. Also, it only had options for month-to-month.
Asked on July 2, 2012 under Real Estate Law, Ohio
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
A cosignor is only liable to the extent he/she assumed or accepted liability. Normally, the cosignor would only be liable for the lease which he/she signed, not extensions or renewals; however, if the original lease stated that the co-signor would be liable for any extensions or renewals and the co-signed signed that lease, he or she would be liable for the renewal.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.