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How does real property transfer to beneficiaries it will says someone is to lease the home and furniture for 5 yrs?
Anonymous2 views2 answers
I agree with Attorney Bickel 100%. I would also advise you to get a professional property manager to handle the rental as landlord tenant laws are getting more complex all the time. Deposits, checklists, inspections, and notices are just a few things that seem simple but have major effects on a tenancy, especially when the landlord tenant relationship breaks down. Having the estate insured from property damage and liability ( apart from the tenant's insurance ) is key in your protection.
I agree with Attorney Bickel 100%. I would also advise you to get a professional property manager to handle the rental as landlord tenant laws are getting more complex all the time. Deposits, checklists, inspections, and notices are just a few things that seem simple but have major effects on a tenancy, especially when the landlord tenant relationship breaks down. Having the estate insured from property damage and liability ( apart from the tenant's insurance ) is key in your protection.
Ask the lawyer assisting the Personal Representative of your mother's estate, who will complete the transfer of her ownership, to draft an appropriate long term lease. That is not a do-by-self document to comply with landlord-tenant laws, and the extra duties beyond rent.
