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Guarantor liability
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Saustin23
Posts: 1 Newbie
I'm looking for some advice, if someone who signed as guarantor for a rental property now has dementia, are they still liable for any costs incurred to repair of the property if the tenant is evicted due to the state the property is in?
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Comments
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I'm looking for some advice, if someone who signed as guarantor for a rental property now has dementia, are they still liable for any costs incurred to repair of the property if the tenant is evicted due to the state the property is in?
That fact seems totally irrelevant to the legal undertaking given in the guarantee.0 -
Assuming they were of sound mind when they entered into the agreement. Yes.0
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It might make enforcing any debt recovery against them challenging
presumably any money they still have would be needed for their on going care0 -
I'm afraid that would be irrelevant. If they owe money, claimig they need it for care (or holidays, or anything else) may at best mean that the court allows them to pay the debt over time.It might make enforcing any debt recovery against them challenging
presumably any money they still have would be needed for their on going care
Were they of sound mind when they signed the Guarantee agreement?
If yes then the Office of guardianship, or their atorneys if there is a POA, will use their money to pay their debts.0 -
Does "signed as guarantor" mean that there was a Deed of Guarantee drawn up?0
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