Can a co-sign agreement for an apartment lease obligate the co-signer forever?
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Can a co-sign agreement for an apartment lease obligate the co-signer forever?
Language: “I hereby guarantee the payment of the monthly rent during the term of the lease and ANY PROSPECTIVE CONTINUING OF SAID LEASE.”
Asked on January 29, 2013 under Real Estate Law, New Jersey
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If one co-signs a lease containing the language that is stated in your question, the person who signs the lease as the co-signor is obligated under the lease for its term. As such, it is always a wise idea if one co-signs a document such as a lease that the term be definite and closed, not open like the one you have written about.
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