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Guaranty Attachment to Lease for Guarantor or Cosigner New Mexico Form

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Guaranty Attachment to Lease for Guarantor or Cosigner New Mexico Form

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when applying for a rental property people often use a co-signer or guarantor but what is the difference between these a co-center can typically be considered another tenant they signed the lease with the tenant and they have the financial responsibility to pay the rent and any of the other fees this also means that they have the right to live on the property with the tenant co-signers are typically roommates or family members now a guarantor is similar to a co-signer it's an individual who takes on the responsibility of the rent and other fees but it's only if the tenant is unable to do so the main difference is a guarantor is not considered another tenant and they don't have a right to live on the property the guarantor is more like a backup plan

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