If your past-due tenant entered into the lease with a co-signer, all of the financial responsibilities set forth in that agreement apply equally to the co-signed party. Inform your tenant’s co-signer of an overdue balance with this straightforward form. Receiving this notice may motivate the co-signer to take action to protect their credit rating, whether by convincing the lease holder to pay up or remitting the past due balance themselves.
Who: The co-signer on a lease with an overdue balance.
What: A notice informing the co-signer of the amount due, potential repercussions for continued failure to pay, and the landlord’s contact information.
When: A past-due balance has accrued on a rental property with a co-signer.