Help! How Can You Get Out of a Co-Signed Lease?
According to MyApartmentMap.com, the average monthly apartment rent, as of August 11, 2016, is $1,088 for a studio apartment, $1,030 for a one-bedroom apartment, $1,275 for a two-bedroom apartment, and $1,611 for a three-bedroom apartment. Due to these high rates and because some renters do not have the credit to apply for a lease on their own, some renters are forced to seek alternatives, like getting a cosigner. So, what exactly does cosigning a lease mean?