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26
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4
Votes
Mac Boeve
Pro Member
  • Rental Property Investor
  • Holland, MI
4
Votes |
26
Posts

Applicant with a Conservator

Mac Boeve
Pro Member
  • Rental Property Investor
  • Holland, MI
Posted

I have an applicant who has a Conservator who handles all of their finances. Has anyone delt with this before?

From what I've gathered so far, it looks like the conservator is essentially the applicants guardian when it comes to finances. On one document I received it states: "The individual (applicant) is mentally competent but due to age or physical infirmity is unable to manage his or her property and affairs effectively and, recognizing this disability, has requested a conservator's appointment"

It also states the conservator is: "conservator of all assets of the individual's estate".

What I'm wondering is do I need the conservator to also be the co-signer on the lease? Or does them being the conservator already accomplish that? Is there anything else to consider with regards to a conservator?