Co-Sign Agreement Template

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You can change these instructions as needed to ensure that the coverage provided by the document matches their situation. However, it is always important to keep this type of documentation as clear and concise as possible. If there is ever a problem with the agreement, you do not want your case to be dismissed because of the floral language used in the agreement. A signature additive is a document that can be added to a standard lease to add the protection of a secondary party responsible for the lease in addition to the tenant who signs the primary lease. As always, these documents should begin by indicating all information identifying the tenant, co-signer, property and date. Although all parties involved are familiar with these details, you establish a permanent registration of the agreement. Each piece of information must be accurately recorded to ensure that the document is complete and legal. All responsibilities must be clearly defined for the tenant and his co-signer in the addendum. It is beneficial to them and them to have the information explained as clearly as possible, so be sure to look carefully at our model and ensure that your document meets the same standard. This signed document proves that the co-signer has agreed to deal with financial problems if, for whatever reason, the principal tenant is unable to do so. In addition, it is guaranteed that both parties fully agree on the use of the document.

Add this addition to the standard lease to legally transfer the terms of the lease to a non-convict co-signer. Add a co-signer contract to your lease agreement to prove that a co-signer has agreed to assume financial responsibility if the tenant is unable to pay. As a tenant with an unstable job or a bad/no credit, a co-signed contract shows your landlord that rents are guaranteed. As a landlord, it ensures that another party pays for rent and other costs if the tenant cannot pay. As a co-signer, she exposes your legal and financial responsibility for rent on behalf of a tenant.