Am I still a co-signer?

[Bloopy]

I cosigned for someone’s apartment lease almost two years ago. It was a 1-year lease and she has since then, signed a new lease at the same complex. This second lease runs out in January.

Since I didn’t sign the second lease, am I still a cosigner? I received a late payment notice and am wondering if I’m really still an obligor, or just still in the roll-a-dex?

The rent has been paid, I’m just wondering. I don’t want to alert the housing manager yet.

 

[ecmst12]

You'd need to call the manager and ask.

 

[Ohiogal]

I cosigned for someone’s apartment lease almost two years ago. It was a 1-year lease and she has since then, signed a new lease at the same complex. This second lease runs out in January.

Since I didn’t sign the second lease, am I still a cosigner? I received a late payment notice and am wondering if I’m really still an obligor, or just still in the roll-a-dex?

The rent has been paid, I’m just wondering. I don’t want to alert the hosing manager yet.

Did she SIGN a new lease or did it automatically renew for another year?

 

[Bloopy]

She signed the new lease.

If I’m technically off the hook anyway, I’d rather NOT alert the manager. She’ll be able to sign the third lease without me. A bit sketchy yes, but if the housing manager doesn’t know better…

Just at some point, I’d like to severe my legal/financial ties.

Thanks for your quick replies

 

[ecmst12]

If you don't want to talk to the manager, then you're taking your chances. Wouldn't it be better to know for sure?

 

[clintonkatie]

And if you are not still a co-signer, they can't make you become one again. It would be your choice if you wanted to continue to be legally/financially involved.

 

[HomeGuru]

She signed the new lease.

If I’m technically off the hook anyway, I’d rather NOT alert the manager. She’ll be able to sign the third lease without me. A bit sketchy yes, but if the housing manager doesn’t know better…

Just at some point, I’d like to severe my legal/financial ties.

Thanks for your quick replies

**A: I am not positive that you are off the hook.

 

[Bloopy]

Nope,

It turns out that the “lease” she signed was only an intent to renew. So I’m pretty sure I’m still a cosigner.

Time for us to call the housing manager if I want out.

I do know that this obligation is not on my credit report. I would sooner pay the rent than ever let my credit get dinged. We wrote in a clause stating I could only be held accountable for two months worth of rent and not any of the fees that could pile on.

Thank you all

 

[HomeGuru]

Nope,

It turns out that the “lease” she signed was only an intent to renew. So I’m pretty sure I’m still a cosigner.

Time for us to call the housing manager if I want out.

I do know that this obligation is not on my credit report. I would sooner pay the rent than ever let my credit get dinged. We wrote in a clause stating I could only be held accountable for two months worth of rent and not any of the fees that could pile on.

Thank you all

**A: you answered your own question.