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COSIGNER AGREEMENT (Addendum to Lease/Rental Agreement) This Addendum hereby modifies and is incorporated into the Rental Agreement dated, 200 between Jennifer L. Jonas as Lessor and as Lessee(s).
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A cosigner-agreement is a legal document signed by a person who agrees to be responsible for paying off a debt if the primary borrower fails to do so.
A cosigner-agreement is typically required when a primary borrower does not meet certain credit or income requirements set by the lender.
To fill out a cosigner-agreement, both the primary borrower and the cosigner must provide their personal and financial information, as well as sign the document in agreement.
The purpose of a cosigner-agreement is to provide added security to the lender by having a second individual guarantee the repayment of a loan.
The cosigner-agreement must include details such as the names and contact information of the primary borrower and cosigner, loan terms, and the responsibilities of the cosigner.
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