provisions made for damages , in other words , the tenants may have a claim against the heirs for early termination of the lease agreement .
“ The main drawback of buying property from a deceased estate is that the buyer must be aware of the formalities that could cause prolonged delays .”
the tenant . And even if the heirs decide to sell the property , the new owners will usually have to let the existing lease run its course before they can ask the tenant to leave or negotiate new terms .
While the estate is still being wrapped up , the monthly rental fees should be paid to the Executor of the Estate .
Most commonly , however , the heirs will simply " inherit " the lease as it is and become the legal successors to the deceased landlord , meaning that there will be no immediate change for
Pearl Scheltema Chief Executive Officer Fitzanne Estates
SA Real Estate Investor Magazine SEPTEMBER 2022 81