3 Things to Know Before Cosigning a Rental Lease

Two men reviewing a rental lease on a table with a lawyer on the other side. One of these men is presumed to be a cosigner.The pandemic has placed many in a steep financial hole, and it’s been difficult to make ends meet. As such, for those seeking a new apartment, a landlord may ask for a designated cosigner before they consider renting out their space to a prospective tenant. While no one truly wants a cosigner on their lease, sometimes that’s the only option. Though for a cosigner, there is a lot at stake, and it’s important to be well informed before committing to cosigning a rental lease. [Read more…]