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Forum / State Landlord Tenant Law / Tenant Co-Signer Risk
Hi, I was thinking of renting to a girl going to school in San Diego County, CA. I ran a credit and background check and she is in collections with 5 different companies. She told me that her father was going to co-sign. He apparently has the income and supposedly a good record. He lives out of town but in a different county. I see it as a greater risk even with a larger security deposit because I would have to purse him regarding a collection on rental default. If he signs the agreement in his county wouldn't I have to pursue him in collections in that county? If anyone has words of wisdom, please let me know. Thank you, Rose
Rose S, CA on Thursday, March 1, 2012
RE: Tenant Co-Signer Risk
Hi Rose. Def a sticky situation. I know ezlandlordforms does offer a co signer agreement if that helps at all. https://www.ezlandlordforms.com/documents/75/lease_cosigner_agreement/ there is also this doc... https://www.ezlandlordforms.com/documents/87/cosigner_notice_of_overdue_balance/
Posted by Jess S, NY on Friday, March 16, 2012
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