We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

Utah Landlord Tenant Lease Co-Signer Agreement

Category:
Landlord Tenant - Leases - Guaranty
State:
Utah
Control #:
UT-831-11
Format:
Word; 
Rich Text
Instant download
Buy now

Description

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).

Related forms

form-preview
Utah Residential Landlord Tenant Rental Lease Forms and Agreements Package

Utah Residential Landlord Tenant Rental Lease Forms and Agreements Package

View this form

Related legal definitions

Viewed forms

form-preview
Sample Letter for Drug-Free Workplace

Sample Letter for Drug-Free Workplace

View this form
form-preview
Personal Property Lease of Furniture Betwe...

Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement

View this form
form-preview
Hold Harmless Agreement for Volunteers

Hold Harmless Agreement for Volunteers

View this form
form-preview
Quitclaim Deed - Trust to Individual

Quitclaim Deed - Trust to Individual

View this form
Civil Cover Sheet

Civil Cover Sheet

View this form
form-preview
Contract for the Sale of Goods

Contract for the Sale of Goods

View this form
form-preview
Road Maintenance Agreement

Road Maintenance Agreement

View this form

How to fill out Utah Landlord Tenant Lease Co-Signer Agreement?

Searching for a Utah Landlord Tenant Lease Co-Signer Agreement online might be stressful. All too often, you see documents that you simply think are ok to use, but find out later they are not. US Legal Forms offers more than 85,000 state-specific legal and tax documents drafted by professional attorneys in accordance with state requirements. Get any form you’re looking for in minutes, hassle-free.

If you already have the US Legal Forms subscription, simply log in and download the sample. It’ll automatically be added in to the My Forms section. If you do not have an account, you need to sign-up and choose a subscription plan first.

Follow the step-by-step guidelines below to download Utah Landlord Tenant Lease Co-Signer Agreement from our website:

  1. Read the form description and click Preview (if available) to check whether the form suits your expectations or not.
  2. In case the form is not what you need, get others with the help of Search engine or the provided recommendations.
  3. If it’s appropriate, simply click Buy Now.
  4. Choose a subscription plan and create an account.
  5. Pay via bank card or PayPal and download the document in a preferable format.
  6. Right after downloading it, you are able to fill it out, sign and print it.

Get access to 85,000 legal forms from our US Legal Forms catalogue. In addition to professionally drafted samples, customers can also be supported with step-by-step guidelines concerning how to find, download, and fill out templates.

Form popularity

FAQ

Being a co-signer itself does not affect your credit score. Your score may, however, be negatively affected if the main account holder misses payments.You will owe more debt: Your debt could also increase since the consignee's debt will appear on your credit report.

Co-signing a lease means that a third-party individual like a parent, sibling or friend assumes the responsibility of the lease if the primary lessee is unable to do so. As a co-signer, this means that you'll be responsible for ensuring that the rent is paid and fulfilled.

According to Nolo, a cosigner is a person designated to make the rental payments if the tenant does not pay.However, if a lease doesn't have this provision, then the only people who need to sign the lease are the people responsible for paying the rent.

Co-signers have equal responsibility for payment of monthly rental costs, while a guarantor is generally sought for payment only when the primary signer is unable to make the rental payment.

A co-signer is a third party who is responsible if you are unable to pay rent. This person does not typically live in the apartment with you, but he or she is equally liable for your lease.

Some landlords agree to consider cosigners as long as they pass a background check, while other landlords don't allow them at all. Since there are no laws that require you to accept a cosigner, according to RentPrep, it's up to you to determine what makes the most sense for your property.

As a cosigner on a lease, you're not only helping someone out, you're taking on a ton of risk. For instance, if the lease holder doesn't make their payments on time, it will negatively affect your credit report and credit score.

As a general rule, unlike so many things in life, co-signing is pretty much forever. In the case of a lease, this means that the co-signer is responsible for the lease for the duration of the agreement, whether it's a six-month lease, a yearlong lease or for some other period.

Any adult can act as a cosigner provided they meet the landlord's qualifications. Often, tenants ask a family member or trusted friend to cosign for them. However, keep in mind that your cosigner will also have to submit an application and be put through a credit and background check.

Trusted and secure by over 3 million people of the world’s leading companies

Utah Landlord Tenant Lease Co-Signer Agreement
Buy now