Accommodation party

An accommodation party in Jamaican real estate is a person who guarantees another party’s debt, typically in the context of mortgage agreements. While not primarily responsible, they become liable if the principal debtor defaults. This decision is often driven by personal relationships but carries significant financial risks. To mitigate these risks, accommodation parties should seek legal counsel, carefully review the mortgage agreement, and understand their obligations. Case law provides guidance on their rights and responsibilities, emphasizing the importance of clear evidence and the potential consequences of this role.