People under guardianship in real estate: how to avoid surprises?
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Rudolphe ABEN
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Being under guardianship is a situation that can arise in many circumstances, including in the property industry. For estate agents, this situation can present unexpected challenges and obstacles when selling a property. How do you avoid surprises and manage this sensitive situation effectively?
There is no typical profile of people under guardianship, but there is a magic solution: the Luxembourg Civil Register! Notaries and lawyers have access to it and can quickly tell you if your buyer is under guardianship. This way you can avoid 30 useless appointments and bitter disappointments. After all, our time is precious, isn't it?
The people most likely to be under guardianship are those who have difficulty managing their own affairs independently, or who have physical or mental impairments that limit their ability to make decisions for themselves. This can include seniors with age-related conditions such as dementia or Alzheimer's disease, people with mental or physical disabilities, people with severe mental illness, or people with severe addictions.
It is important for estate agents to know how to recognize these situations and deal with them in a professional and respectful manner. By taking proactive steps to identify buyers under guardianship, agents can avoid uncomfortable situations and ensure a smooth and efficient transaction. Ultimately, this benefits not only conveyancers but also buyers and sellers.