20 votes

guarantor's responsibility if lease is completed, but tenants refuse to leave

We cosigned for the lease duration, not indefinitely. You cosigned the contract, and you're on the hook for the duration of the contract. The contract is in force for as long as the property is held ...
littleadv's user avatar
  • 174k
7 votes

guarantor's responsibility if lease is completed, but tenants refuse to leave

The end of the lease is always a confusing time. In some cases the lease automatically extends for another year, unless either party files notice to not renew. In other cases the lease converts to ...
mhoran_psprep's user avatar
7 votes
Accepted

Can an individual agree to guarantee the investment of another individual in a legally enforceable way?

You can create a contract in the US for just about anything, so long as all parties agree to the terms of their own free will. They don't have to go through a third party. Exchange traded options use ...
D Stanley's user avatar
  • 135k
5 votes

guarantor's responsibility if lease is completed, but tenants refuse to leave

If push comes to shove, you should be able to go to court right now, and file suit to be released from guarantor duties and/or evict your son. That would only be your casus belli of course; the true ...
Harper - Reinstate Monica's user avatar
2 votes

Does my filing out a guarantor application to help my daughter get an apartment impact my credit rating?

The worst that can happen just by co-signing a lease is if the apartment runs a hard credit check on you to make sure you have a clean enough credit history. Even then, the effect is small and ...
D Stanley's user avatar
  • 135k
2 votes

value of guaranteeing a business loan

The standard goal of valuing anything is to seek the fair price for that thing in the open market. Depending on what is being valued, that may or may not be an easy task. eg: to value your home, get a ...
Grade 'Eh' Bacon's user avatar
2 votes

value of guaranteeing a business loan

The guarantee's value to you is whatever you have to pay to get the guarantee, assuming that you don't decide it's too expensive and look for another guarantor or another solution entirely. How much ...
keshlam's user avatar
  • 46.5k
1 vote

value of guaranteeing a business loan

You are confining the way you and the other co-founders are paid for guaranteeing the loan to capital shares. Trying to determine payments by equity distribution is hard. It is a practice that many ...
Bee Dev's user avatar
  • 156

Only top scored, non community-wiki answers of a minimum length are eligible