Co-Signer Liability In California
Hello,
My husband (we are in OR) provided a lot of financial information and co-signed on a rental application for my daughter (she is in CA), who subsequently got the apartment. A formal rental agreement was sent to us, but he did not sign it. If she should default on her lease, would my husband be liable?
Thanks.
Re: Co-signer Question In California
Quote:
If she should default on her lease, would my husband be liable?
Yes. When you co-sign for someone, you agree to make the payments if they default.
Re: Co-Signer Liability In California
Thank you. We weren't sure because it was only an application, not the actual agreement.