Legal Question in Business Law in Illinois

cosign a loan

if my wife guarantees the lease payments on an apartment for her daughter/my step daughter do i have to sign and if i dont will i also be held responsible


Asked on 1/26/09, 4:22 pm

2 Answers from Attorneys
Thomas Moens Moens Law Offices, Chartered

Re: cosign a loan

No, you do not need to sign. That being said, it is possible that the landlord will refuse to rent to your step-daughter if you do not, but that would seem a bit short-sighted in my opinion. You will not be responsible for the lease if you do not sign it.

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Answered on 1/26/09, 4:33 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: cosign a loan

No and No

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Answered on 1/26/09, 4:39 pm


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