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Husbands business problems and joint house |
Submitted on: 25th Feb 2011 by Non-Member | Total Answers: 4
business not going well but there is 4 years left on premises lease...it was signed my husband and business partner (their names not the companies).partner does not have his name on his own house...totally in his wifes name....our house is jointly owned.
If the business closed the LL will want his rent regardless...can he come after our house for the full amount as business partner has nothing in his name?
Re: Husbands business problems and joint house
Yes, as both partners are jointly and severally liable for the rental payments and as it is in personal names, not the business name, then the landlord can follow the court process and have your property used as security for the amount outstanding.
This question has been answered by Christians Against Poverty, a leading debt charity offering hope and a solution to anyone in debt.
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