answersLogoWhite

0

Is leased land exempt from probate procedure?

Updated: 8/17/2019
User Avatar

Wiki User

14y ago

Best Answer

The contract is an asset of the estate and is going to be subject to the probate procedure.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is leased land exempt from probate procedure?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is lease land?

Land that is subject to a lease or land that can be leased


Who owns a tree on leased land?

The land lord


Is registation of school on leased out land pissible by up board?

Is registration of school possible by up board on leased our land to society.


How much land owned and leased in1926 by george Matthews of houma Louisiana?

How much land owned and leased in1926 by georgematthews of houma louisiana?


What percentage of the earth's land is owned or leased by corporations?

Estimates vary, but it is estimated that corporations own or lease around 10% of the Earth's land. Ownership can vary depending on the region and type of land use.


What is pastoral land?

Pastoral land or leases is land leased from a state government or the Northern Territory government for the purpose of pastoral activity


What is the meaning of demised property in a lease?

I believe that it is referencing the land being leased.


Is any land in Walt Disney World leased?

Commercial space is leased at Downtown Disney and some of the hotels. There is no residential property available for lease or purchase.


How do you sell land that is inherited?

When a person dies owning real estate, their estate must be probated in order for title to the real estate to pass to the heirs legally. The estate must be probated whether the decedent died with or without a will. The property can be sold by the estate during the probate procedure once the debts of the decedent have been satisfied. If the property is not sold by the estate, it becomes the property of the heirs once the probate procedure has been completed. The heir(s) can convey the property by deed, citing the probate case as their source of title.


If you are American Indian and purchase land is it sovereign?

No. Only reservation land is considered as such. Tribal land is held in trust and can only be leased it cannot be sold.


Does the life estate prohibit the land from going through probate process?

No, the life estate does not prevent it from going through probate. The probate process lays out the deed as to who is the remainder man for the estate.


What is in inquilinato system?

The inquilinato system the land owner leased a portion of his land to a farmer or to anyone who could undertake the tilling of his land for a stipulated amount as rental.