Cosigner Notice

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Cosigner Notice (by Scott [AZ]) Jan 5, 2011 4:10 PM

Cosigner Notice (by LL [AZ]) Jan 5, 2011 5:45 PM

Cosigner Notice (by Scott [AZ]) Jan 5, 2011 5:54 PM

Cosigner Notice (by Scott [AZ]) Posted on: Jan 5, 2011 4:10 PM
Message:

State Specific Question About: ARIZONA (AZ)

I have a month to month tenant that needs a 5 day notice for non-payment. Should the same 5 day notice be served on the Cosigners? Is the cosigner still bound by the original 1 year lease from years ago? --137.100.xxx.xx

Cosigner Notice (by LL [AZ]) Posted on: Jan 5, 2011 5:45 PM
Message:

Yes, serve all parties if you can, however serving the occupant (I think) is OK. And assuming you used a lease that reverts to month to month after 1 year, yes, it still stands.

Personally I require tenatns to sign a modification addendum to the original lease if they go to month to month.

I don't like mtm, but in this market I'm having to do it. Tenants are concerned about being locked in for a year if their jobs go south (no pun intended) so mtm seems to take that stress off, and they stay anyway.

Sugested reading - the AZ LL Tenant Act. --76.87.xx.xx

Cosigner Notice (by Scott [AZ]) Posted on: Jan 5, 2011 5:54 PM
Message:

Good...I will serve them both. I'm glad I asked. --137.100.xxx.xx

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Cosigner Notice

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