Legal Question in Civil Litigation in Missouri

Co-Sign a Lease

If there is a co-signer on a commercial lease and the principal is injured, becomes ill or dies, what is the liability of the co-signer? The principal is a sole propriortorship and is the only employee. Therefore, if they are no longer able to continue working, the business will no longer exist.


Asked on 2/08/08, 9:31 am

1 Answer from Attorneys
Anthony Smith LawSmith

Re: Co-Sign a Lease

There are some variables that change the general rule, and your factual description did not give anyway to devine. But, generally the so-signor's liability contiues to the end of the contract. Perhaps the lender will allow the co-signor to surrender the premises, so that it can be relet. This might lessen the debt owed by the co-signor to the landlord.

Good Luck

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Answered on 2/08/08, 3:49 pm


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