3,416,159
I find most do not ask as it is really worthless. I would rather see you have a good job than a co signor
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Nina Hollander, Broker
Charlotte, NC
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Richie Alan Naggar
Riverside, CA
2,527,396
Here, a co-signer is usually only required if the person renting has low credit, no rental payment history, is a first-time renter, or has some other issue. Good luck!
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Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
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Lyn Sims
Schaumburg, IL
5,219,636
Only if the landlord feels you are not to be trusted with your obligation to pay rent
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Kathleen Daniels, Prob...
San Jose, CA
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Allie Angeloni
Oro Valley, AZ
921,504
A co-signer?
Hmm, if you are 12 that would be expected.
If you are 35 that would, and should not be, expected.
Of course you know this requirement is to identify someone important to you to go after should you prove to be a rogue renter.
Like all things real estate, this may or may not be negotiable depending on the owner or management company.
The real question that must be asked and understood by you is, "Should ANYBODY co-sign for someone else and potentially inherit a financial mess?" The reality is, "It's not about you, but the potential victim, the co-signer."
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Allie Angeloni
Oro Valley, AZ
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Tony and Suzanne Marri...
Scottsdale, AZ
3,395,048
I am with Nina Hollander on this.
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Nina Hollander, Broker
Charlotte, NC
3,988,113
It is rare that we ask for a cosignor. If the applicant isn't credit worthy we move on.
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Nina Hollander, Broker
Charlotte, NC
1,466,257
Robert Riche I don't believe this is the norm. If the landlord wants a co-signer, there must be a good reason.
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Nina Hollander, Broker
Charlotte, NC
5,583,758
if you don't qualify for the rent and/or your credit is not up to par, I would expect you to need a cosigner....
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Nina Hollander, Broker
Charlotte, NC
925,388
Co-signing is not a good practice in real estate. Applicants should improve their finamcial and credit postion to the point where no co-signer is needed.
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Allie Angeloni
Oro Valley, AZ
1,713,576
5,106,814
3,986,413
2,695,580
Not if you have good credit, proof of income, and no history of eviction.
66,409
Co-signers are more common in some cities than others. In NYC, for example, a co-signer is expected for most people without a substantial renting history unless they make X amount per year more than their rent is. Some landlords have no problem demanding someone make 40X in a year what a month of rent is to avoid a co-signer, regardless of credit and savings. What I will say is that if you otherwise qualify and are not worried about the financial ability to make your rent payments, apply for the apartment and if they still need a co-signer, they will ask then. Applying without a co-signer should rarely hurt your chances.
4,434,227
1,526,924
4,800,232
Why are they asking for a co-signer. Are you under age or have bad credit?
5,773,914
5,125,693
I don't this is common - it's uisually needed when the applicant does not have a strong work or credit history. I'd ask why is this needed?
2,265,710
I agree with Kat Palmiotti . The co-signor is generally only required on a high risk applicant.
5,390,620
4,668,466
It's rare in my market unless there is no or a derogatory credit history. Good luck.
5,395,753
1,742,727
2,819,789
You asked & answered your questions.. learn how to rise onward & upward
1,157,791
If the landlord requires it, you will need one unless you can negotiate something else.
1,153,799
3,073,563
914,743
It's very common for students or young adults with insufficient income or for anyone with limited resources. If you're in that category, you may need a co-signer.
1,862,452
Yeah, you must not have any credit or bad credit. That's normally what is asked of someone. You're lucky they are even considering you so do what you have to do to establish yourself.
1,618,024
6,585,039