I signed a lease guarantor agreement for a couple, they have misrepresented and lied about there situation and I would like to know if I have any legal recourse to get out of the agreement.
2006-06-21 11:29:33 · 7 answers · asked by redbird1985 1 in Business & Finance ➔ Renting & Real Estate
If the document was issued under false pretenses you should have every legal right to disolve the agreement. Depending on your state contact the local bar association the can put you intouch with a lawyer that can help you file all the needed documents to disolve the documents.
2006-06-21 11:50:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Unfortunately, I do not think that you have any legal recourse. If they needed you to guarantee the lease for them, that implies that they do not have any money. You should speak with the landlord and ask them if they would be willing to remove you as the lease guarantor from the lease, since the couple lied about their situation to you. You can always default on the lease, but that could go on your credit record.
Depending upon your agreement with the couple, you might be able to go to Small Claims Court and file a lawsuit against them. But if they don't have any money, what's the point of wasting your time?
Good luck!
2006-06-21 11:37:45 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋
Unfortunately the fault lies in your hands on this one. You should have checked that the information disclosed you before signing the agreement was true and accurate. Most likely, the lessor is going to be willing to work with you in any situation that may arise, but in the end, it's like cosigning a car. If the person you cosign for misses a payment you are just as liable as they are.
2006-06-21 11:50:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Legally they develop into tenants at will in the experience that they occupied the area. because you assert they not in any respect occupied the area. you're out of gasoline. next time get first month's employ in anticipation of a signing. you could save that first month's employ as damage yet you would possibly want to mitigate your damage through actively searching for new tenants. to illustrate in case you got here across new tenants on the fifteenth day. you would ought to refund 1/2 of the deposit to the unique skill tenants. next time get the money up the front and run a credit verify and verify references.
2016-10-20 11:51:34 · answer #4 · answered by arrocha 4 · 0⤊ 0⤋
You have signed a legal contract guaranteeing payment on this lease upon the drfault of the original signors. Unfortunately, you are just as liable as they are to the terms of the contract.
You do, however, have the right to attemot to reclaim any losses suffered in small claims court.
2006-06-24 15:56:21 · answer #5 · answered by wildcat03820 2 · 0⤊ 0⤋
I think people in world not worth to help!
I co-sign as guarantor for someone to get commercial vehicle. they were not making payments, title in on my name and company (owned by friend). Company doesn't exist on record, it was dissolved long ago before loan was taken. I assumed I am the only left on title.
I called police three times to get vehicle back, they wants me to go to court and get court order (shame to police department, supports the crooks). I wanted to get it and sale it to pay the loan before it gets worst.
As of now my credit has ruined, this is the negative information I have had in my record.
Its been two yrs. I have never seat on vehicle, besides this they owe me five grand, which was a loan for one month and now its 18 months already!
2006-06-26 00:51:20 · answer #6 · answered by Ted 4 · 0⤊ 0⤋
See an Attorney.
2006-06-25 16:50:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋