Did you know... August 26, 2013

Am I responsible for THAT?

Tenants are jointly and severally responsible for the terms of the lease?  This means that any one tenant can be held liable for all of the responsibilities associated with the lease, including the entire rental payment.  This also means that co-signers can be held responsible for any and all damages or rent owing, even if the co-signer’s intention was to sign only for the co-signer’s child and not for all of the tenants in the rental. Remember, a lease is a contract with rights and responsibilities binding the parties.