Co signers on a lease

Farport

New Forum Member
Registered
Aug 8, 2018
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#1
I am looking for some advice. We recently accepted a lease with a co-signer (tenant sister) in which qualified the tenant. The tenant moved in two days ago and now due to family drama, the sister wants to be removed from the lease. What are my obligations to entertain that?



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dpeacock

Frequent Forum Member
REIN Member
Jul 12, 2009
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Calgary
#3
You have no obligation to consider that. The co signor is legally responsible for payment of the lease. Time to ask yourself if you want that tenant. Are you setting yourself up for future collection headaches? You could offer to cancel the whole lease if the sister wants off of it.


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Alvaro Sanchez

Ottawa-Gatineau Investor
Registered
Jun 5, 2009
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Ottawa
AlvaroSanchez.ca
#4
You can remove current co-signer upon finding a suitable replacement for another. Otherwise, you can not remove it.


I am looking for some advice. We recently accepted a lease with a co-signer (tenant sister) in which qualified the tenant. The tenant moved in two days ago and now due to family drama, the sister wants to be removed from the lease. What are my obligations to entertain that?



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