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    kendravixie's Avatar
    kendravixie Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Jan 3, 2006, 03:54 PM
    Apartments and Cosigning Requirements
    A friend of mine is trying to find an apartment. A rental has come up, but the landlord is requiring that he not only cosign, but have someone in the CITY cosign for him as well.

    He is
    - from out of state.
    - had a house foreclosed on him before.
    - does have pets (1 cat and 1 dog).

    Is it LEGAL for a landlord require someone in town, not just a family member, cosign for the individual? Especially since they attended and spent most of their life in another state?

    What's the legal requirements for a cosign?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jan 3, 2006, 03:58 PM
    A landlord is able to require any number of things of a person who does not meet the guidelines... including, I'm sorry to point out, a Local Cosigner.

    I do it myself for 1 reason: it's not financially realistic to attempt to pursue a co-signer who is out of the city or state.

    A suggestion: Tell your friend to offer the landlord last month's rent in advance. We frequently accept that in lieu of a local co-signer.
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