All application fees are non-refundable. Incomplete applications will be cancelled, and the application fee will not be refunded. Please ensure you have included all required documentation prior to submitting your application.
Understanding the Difference Between a Co-Signer and a Co-Applicant
At The Weiner Companies, Ltd., we want to ensure every applicant understands the difference between a co-applicant and a co-signer. These roles are often confused but carry very different responsibilities.
🔑 What Is a Co-Applicant?
- -Will live in the unit
- -Shares financial and legal responsibility for the lease
- -Has their income and credit considered during application review
- -Signs the lease and is responsible for paying rent, following lease terms, and maintaining the property
🖊️ What Is a Co-Signer?
- -Does not live in the unit
- -Acts as a guarantor, meaning they are financially responsible only if the tenant fails to pay
- -Must meet stricter financial and credit requirements
- -Signs the lease agreement in a guarantor role but has no right to occupy the unit
✅ Quick Comparison
| Role | Co-Applicant | Co-Signer |
|---|---|---|
| Lives in unit? | ✅ Yes | ❌ No |
| Signs lease? | ✅ Yes | ✅ Yes (guarantor only) |
| Pays rent? | ✅ Yes (shared responsibility) | ❌ Only if tenant defaults |
| Income reviewed? | ✅ Yes | ✅ Yes (must meet higher standard) |
| Credit reviewed? | ✅ Yes | ✅ Yes (stricter criteria may apply) |
If you're unsure which option applies to your situation, please contact our team before submitting your application. We’re happy to help clarify and ensure a smooth leasing process!