This is a Landlord Tenant Lease Co-Signor Agreement for use by a landlord in contracting with a cosignor on a lease to be liable for rent, damage, etc., if the tenant fails to pay. Cosignor is thereby liable to landlord for payment of rent should tenant not fulfill his/her contractual obligation.
The cosigner is also sometimes be called a guarantor. A guaranty is a contract under which one person (guarantor) agrees to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. Usually, the party receiving the guaranty will first try to collect or obtain performance from the debtor before trying to collect from the one making the guaranty (guarantor).
The Aurora Colorado Landlord Tenant Lease Co-Signer Agreement is a legally binding contract that outlines the terms and conditions between a landlord and a co-signer for a rental property in Aurora, Colorado. This agreement is commonly used when a tenant does not meet the necessary qualifying criteria set by the landlord, such as having a low credit score, insufficient income, or limited rental history. The purpose of the Aurora Colorado Landlord Tenant Lease Co-Signer Agreement is to protect the landlord's interests by providing additional financial security in case the tenant fails to fulfill their obligations under the lease agreement. The co-signer, who is typically a family member or friend of the tenant, agrees to assume joint responsibility for the lease, including the payment of rent and any potential damages caused by the tenant. Keywords: Aurora Colorado, Landlord Tenant Lease, Co-Signer Agreement, rental property, legally binding contract, terms and conditions, qualifying criteria, credit score, income, rental history, financial security, obligations, joint responsibility, payment of rent, damages. There are different types of Aurora Colorado Landlord Tenant Lease Co-Signer Agreements based on specific circumstances or preferences: 1. General Aurora Colorado Landlord Tenant Lease Co-Signer Agreement: This is the standard agreement that applies to most situations where a tenant requires a co-signer. 2. Student Aurora Colorado Landlord Tenant Lease Co-Signer Agreement: This type of agreement is commonly used when a student, with limited income or credit history, needs a co-signer to secure a rental property. 3. Business Aurora Colorado Landlord Tenant Lease Co-Signer Agreement: This agreement is suitable when a business entity acts as a co-signer for a rental property, providing financial security on behalf of the tenant. 4. Non-Resident Aurora Colorado Landlord Tenant Lease Co-Signer Agreement: This type of agreement is used when the co-signer resides outside of Aurora, Colorado, but is still willing to assume responsibility for the lease. 5. Limited Co-Signer Aurora Colorado Landlord Tenant Lease Agreement: This agreement allows the co-signer to assume responsibility for specific aspects of the lease, such as rental payments but not damages or other liabilities. Keywords: General, Student, Business, Non-Resident, Limited, Aurora Colorado Landlord Tenant Lease Co-Signer Agreement.
