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I am a Partner In a business and our business is about to…

I am a Partner In...
I am a Partner In a business and our business is about to fail, if we were to default on the payments to the landlord, who would be accountable for the remaining year lease amount, the business is a S corp, and my name / signature is not on the lease agreement, it is personal signatures of other partners(mother and uncle) of business, and to ad to that if one of the partners has a percentage share in my house, how long before that person can remove name from home mortgage and title before there can be no judgement on the house, the home is half paid and half loan still owned to bank, it has been 3 years already when house was purchased with my spouse the business partner(my mother) on mortgage loan, and me my spouse partenr and brother have equal share on home title. thank you , i am in California.
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Answered in 4 minutes by:
9/19/2017
Infolawyer
Infolawyer, Attorney
Category: Landlord-Tenant
Satisfied Customers: 62,864
Experience: Experience representing landlords and tenants.
Verified
From facts mentioned landlord can recover for lease term or until anther tenant is located. The liable party is the entity and anyone who signed personally a guarantee of payment. No one else. Sometimes landlord will release tenant and signatories especially if confident can find a new tenant quickly and retain the deposit. Please let me know if the reply is acceptable by responding "yes" or "acceptable"
Infolawyer
Infolawyer, Attorney
Category: Landlord-Tenant
Satisfied Customers: 62,864
Experience: Experience representing landlords and tenants.
Verified
Infolawyer and 87 other Landlord-Tenant Specialists are ready to help you
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Customer reply replied 10 months ago
that helps, do know what type of lawyer i may ask a question regarding my home situation protecting assests, and leans and suing. thank you
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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