Full question:
00000000000 My brother is considering giving one of his tenants a lifetime lease that will allow the tenant to live rent free after a certain total amount of rent has been paid. He is also planning on including the tenant's boyfriend on the lease. The boyfriend is 30 years younger then the tenant. How will this affect me as heir to the property? There are three other apartments on the property which is contiguous with mine.
- Category: Landlord Tenant
- Date:
- State: Florida
Answer:
A lease is a contract between a landlord and tenant. Some lifetime lease agreements allow the tenant's interest to be passed to their family through a will. Typically, a lease cannot be terminated just because the owner dies or the property changes hands, unless the lease states otherwise. When a new landlord takes over, they are usually bound by the existing lease terms. It's important to review the lease carefully to understand the rights and obligations of both the tenants and the landlord regarding death or property transfer.
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