What is the name of your state (only U.S. law)? Ga.
I have a question regarding rental property, and probate. My dad recently died. My nephew was renting property that he has converted from a business to a residence. There was a lease agreement with my dad where nephew was to pay rent, and do $100 worth of repairs/improvements per month, pay the taxes, and keep an insurance policy. He’s never paid taxes or bought insurance, and is now 7 months behind in the rent. My concern is that after my mom dies, what will happen to this property? Since my dad died, the lease agreement is void. Right? So there is no lease or rent agreement. Can he claim ownership at that time due to improvements done?
Moms will request me as executor of her estate. I will be the one to deal with this one day. What can I do now to prepare for that day now?
Thank you for your time.
I have a question regarding rental property, and probate. My dad recently died. My nephew was renting property that he has converted from a business to a residence. There was a lease agreement with my dad where nephew was to pay rent, and do $100 worth of repairs/improvements per month, pay the taxes, and keep an insurance policy. He’s never paid taxes or bought insurance, and is now 7 months behind in the rent. My concern is that after my mom dies, what will happen to this property? Since my dad died, the lease agreement is void. Right? So there is no lease or rent agreement. Can he claim ownership at that time due to improvements done?
Moms will request me as executor of her estate. I will be the one to deal with this one day. What can I do now to prepare for that day now?
Thank you for your time.