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FORM #52A : CO-SIGNER APPLICATION


Required entries are indicated by *

  • CO-SIGNER APPLICATION FOR (TENANT NAME)*: 
  • RENTAL ADDRESS*: 

Co-Signer Requirements

  • A co-signer must have verifiable gross monthly income of at least times the amount of the monthly rent and have a positive credit history. Verifiable income may mean, but is not limited to: employment paychecks, bank accounts, alimony/child support, trust accounts, Social Security, unemployment, welfare, grants/loans, and housing assistance. Owner/Agent may use credit reports to verify the accuracy of the information provided by co-signers. Income derived from non-garnishable sources (retirement income, trust income, social security income, etc.) may be excluded for the purposes of meeting the income criteria if the landlord so chooses. Co-signers must list all existing credit and debts on the application. A negative credit report may result in an application denial. Negative reports include, but are not limited to: late payments, collections, judgments, debt to income ratio, and bankruptcy. When approved, a co-signer must complete a co-signer agreement.

General Requirements

  • Any information provided that is incomplete, inaccurate or falsified may be grounds for denial of the application.
  • Co-signers may be rejected on the demeanor in which they treat Owner/Agent or other parties present.
  • If the obligations under a Rental Agreement are guaranteed by a co-signer, the Resident agrees that Owner/Agent would not have rented to them without the guaranty. the event the guaranty becomes unenforceable for any reason, this will be considered a material non-compliance with the Rental Agreement. Tenant(s) may then be resposible to find an alternate co-signer acceptable to the Owner/Agent, or pay an increased security deposit to cure the non-compliance.
  • Owner/Agent reserves the right to notify the Co-signer about any information related to the tenancy deemed necessary.
  • The original signed, notarized Co-signer Agreement must be returned to Owner/Agent within three business days of notification to the applicant of application approval. Failure to return the original form (not a faxed copy) within this timeframe may result in a forfeiture of the Deposit to Hold.

Co-Signer Information

  • NAME _________________ MIDDLE INITIAL _____
  • SOCIAL SECURITY NO. ____________ DATE OF BIRTH _________
  • PRESENT ADDRESS: (incl. City, State & Zip) _____________________________________________
  • HOW LONG? _______ CURRENT PHONE _______________ CELL #1 ______________ CELL #2 ____________
  • EMAIL ADDRESS: ____________________________________
  • EMPLOYMENT: FIRM __________________ ADDRESS _____________________ PHONE ______________________
  • HOW LONG?_______________________ POSITION _____________________ GROSS MONTHLY PAY __________________
  • PREV. EMPLOYER ______________________ ADDRESS ____________________ PHONE ________________
  • OTHER  SOURCES  OF INCOME:
  • SOURCE OF INCOME __________________ FREQUENCY __________________ AMOUNT OF PAYMENT ________________
  • SOURCE OF INCOME __________________ FREQUENCY __________________ AMOUNT OF PAYMENT ________________
  • SOURCE OF INCOME __________________ FREQUENCY __________________ AMOUNT OF PAYMENT ________________
  • LIST ALL OUTSTANDING DEBTS:
  • NAME ___________________ OUTSTANDING AMOUNT _____________ MONTHLY PAYMENT ___________
  • NAME ___________________ OUTSTANDING AMOUNT _____________ MONTHLY PAYMENT ___________
  • NAME ___________________ OUTSTANDING AMOUNT _____________ MONTHLY PAYMENT ___________
  • NAME ___________________ OUTSTANDING AMOUNT _____________ MONTHLY PAYMENT ___________
  • Has a former landlord ever filed any kind of legal action against you?  _____
  • Why ______________________________________

  • I certify the above information is correct and complete and hereby authorize Owner/Agent to make any and all inquiries deemed necessary to evaluate my ability to guarantee. I understand that anything found to be untrue may result in an immediate rejection of this application and would be grounds for immediate termination if a rental agreement has been executed.
  •  
  • Co-signer Applicant ________________________ Date: ___________

     

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1462 Commercial St. NE, Salem, OR 97301
Phone: 503-364-5468 | Fax: 503-585-8119

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