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Form #52A : CO-SIGNER APPLICATION

 

Required entries are indicated by blue icons or *

 
CO-SIGNER APPLICATION FOR:
 
 
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:
 
PRESENT ADDRESS:
(incl. City, State & Zip)
 
EMPLOYMENT:

 
OTHER SOURCES OF INCOME:


 
LIST ALL OUTSTANDING DEBTS:




Has a former landlord ever filed any kind of legal action against you?
 

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.

 

Please Note: Signature field must be filled in and signed after printing.

Co-signer Applicant    Date 

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