Indemnifiers (Guarantors) and Co-signers Policy: Residential Tenancies
The Indemnifiers (Guarantors) and Co-signers Policy explains that people who guarantee or co-sign a lease can be required to pay for loss or damage to the rental property.
This policy states that sometimes landlords require a tenant to get someone to act as a guarantor or co-signer for their lease. People who guarantee or co-sign a lease can be named as parties to an Application to the Director, which means they may be held responsible during enforcement proceedings.
Author: Residential Tenancies
Department: Service Nova Scotia