Like anyone else. The "landlord" is the estate, and a savvy executor or administrator will, in fact, maximize the value of estate real property by renting or leasing it at fair market value. It may be a breach of the fiduciary duty to let an opportunity like that stagnate.
Land that is subject to a lease or land that can be leased
A land lease.
A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.
When there were no heir to the tenant the land was returned to the Feudal lord.Such land was called ESCHEAT
It depends on the terms of the lease. The lease may terminate or the lease may "run with the land."
The US has a perpetual lease on the land.
When a person dies owning real estate their estate mustbe probated in order for title to the real estate to pass to the heirs legally. Once the estate has been properly probated the heir is the new legal owner. The probate records are proof of ownership for the heir even though there is no deed in their name. The deed doesn't need to be changed but the attorney who handles the estate can draft a new deed if the new owner wants to have the property registered in their own name in the land records. But remember, it's not necessary as long as the estate was probated.When that heir dies, their estate must be probated and the property will pass legally to their heirs under their will or the laws of intestacy if there is no will.
Yes. Land can be inherited from a probated estate and it can be transferred to a new owner by a court order after a trial. The most common way to transfer ownership of land is by deed.Yes. Land can be inherited from a probated estate and it can be transferred to a new owner by a court order after a trial. The most common way to transfer ownership of land is by deed.Yes. Land can be inherited from a probated estate and it can be transferred to a new owner by a court order after a trial. The most common way to transfer ownership of land is by deed.Yes. Land can be inherited from a probated estate and it can be transferred to a new owner by a court order after a trial. The most common way to transfer ownership of land is by deed.
Your mother is not the legal owner of real property until the estate is probated. If there was a will then the will must be presented to probate court and an Executor must be appointed. If there was no will then an Administrator must be appointed. Legal title to real property cannot pass to the heirs until the deceased owner's estate has been duly probated.
A freehold lease may refer to the lease of land that belongs to another person. Your question is confusing because a freehold estate is the right to the use and possession of land for an indefinite period and a leasehold estate is a lease of land that belongs to another.
If you are involved in a legally drawn and binding land lease contract, you cannot terminate it except by mutual consent of both you and the person to whom you granted the lease.
Only the lease contract would disclose the anwer to this question. If you need legal assistance in deciphering or understanding it, you must retain an attorney to assist you.