Can your cosigner change on a lease?
Probably only if the landlord allows her to. The landlord doesn't care about your relationship. They just want to be sure they are paid. So, they might not let her out of it. But if your father agrees and is a good credit risk (in the opinion of the landlord), they might just let him take her place.
Co-signed, breaking up, now what?
I co-signed on a car with my boyfriend. We are now going separate ways and he wishes to keep the car and make payments. It's too early to refinance. He is willing to be fully responsible to the car, we just need help going about it. Is there a legal form he can fill out to say he is accepting the full loan? Or anything releasing me accountable at least a little?
Will i need a co signer for car loan?
The main things that lenders will use to determine credit approval are; your income; your debt to income ratio; your credit score and profile and your job history. If you have an income of least $1800 monthly and have been at your job for over a year you may qualify on your own for a First Time Buyers program. Apply and find out. Good luck.
If I have co-signed a lease for an apartment and my co-signee moves out before our lease is up with no intention of paying anything more or finding a replacement, what is my next step if I can't afford the rent on my own?
It depends on whether you're on a fixed-term or periodical lease, but by saying "before our lease is up", I'm assuming you're on a fixed-term lease. Your co-tenant is obliged to pay rent for the entire duration of the contract. Having said that, if your co-tenant stops paying rent, it puts your whole lease into arrears and affects you, as you may be served with an eviction notice for non-payment, even if you're paid your half. You are "jointly and severally liable" for paying rent, which means that you can be held responsible for your co-tenant's portion of the rent, if they don't pay. If you're easier to find (eg because the co-tenant has gone interstate or overseas), or if you have a better paying job, the landlord may find it easier to come after you for the whole balance remaining on the lease, and whilst you can sue your former co-tenant, you may not have any more luck than the landlord in tracking them down and/or getting money from them. So it's not a pleasant situation to be in.Your best course of action is to be pro-active and find a replacement yourself; that way you know that your lease is secure, and you can find somebody who you'd like to live with. And make sure that you don't allow your co-tenant to get their portion of the bond refunded, at least until your new co-tenant moves in.Make sure that you keep the property manager at the real estate agent informed as to your co-tenant's intentions, and ensure you lodge all the appropriate forms (eg form 6 which states who gets how much of the bond at the end of the tenancy), and that any damage or cleaning due to your co-tenant is taken into consideration.There are loads of possible things that can go wrong. But in summary, you need to:1) Try and find a new co-tenant ASAP,2) Ring the RTA and/or Tenants' Union for advice on protecting your own interests, and3) Keep the PM / landlord up-to-date on the situation.
What are the penalities for breaking the contract with Trucking Co.?
What an unfortunate situation. If he has already fulfilled his one-year agreement, he should already have paid off his portion of the tuition to the company (unless he took a large number of payroll advances or anything similar). Also, he is no longer obligated to drive for them, so he can leave at any time and go to another company. The contract is up, so they don't "own him" and they can't take his CDL away. I suggest that if you have a copy of his written agreement, you read through it and if you don't understand it, take it to a lawyer or someone familiar with the trucking industry. It sounds like there's been a miscommunication somewhere and you should get it resolved if your husband is unhappy! Hope everything works out for you!
My mom cosigned, and my girlfriend signed on the lease, but we are breaking up. How can I get her off the lease?
You cannot get off the lease , your mom is left holding the bag ( she will have to pay the balance of the lease), however some times landlords are understanding if you can find another renter to take over the balance of your lease.And please tell your mother, she meant well, she was trying to help you and your ex-girl friend , and now she is stuck. No more co-signing for anything. A lease is a legal binding contract.
Is co-signing a home loan with your girlfriend a bad idea?
I'll echo Melissa Hoy a bit and say there's a big difference between co-signing and being a joint owner of the property. My wife and I weren't married when we bought our first home. We figured a 30 year mortgage would be harder to get out of than a marriage and we were planning on the marriage eventually anyway... so we jumped on what seemed like a really good opportunity to buy a home when we had one and put the wedding off for another two years. That was nine years ago. We still own the home, though we've converted it to a rental property because we can't sell it for what we owe.... (see? Harder to get out of than the marriage would be....)Contract wise... the best one is a marriage. It's cheap (legally speaking) to get married and it puts you into a nicely defined legal framework for any future property disputes should things go south. (Why do you think so many people keep fighting for the right to have a legal marriage? It does lots of things for you legally in one simple step.) Buying a house and having a big expensive wedding at the same time don't usually go together, but weddings don't have to be expensive if you don't want them to be.