tenant passes away in your rental property

 

What Happens When a Tenant Passes Away In Your Rental Property? – Episode #425

I have another reader question for you today, and it’s a good one, and it has to do with what happens when someone passes away in your rental property.

The exact question was:

When a tenant passes away in your rental property, and they have a month-to-month lease with no one else on the lease, how long do you give the family to clean out the house? He was there for 15 years and had a lot of stuff. She also goes on to say they inherited the tenant when they bought the house. What a great question.

So, let’s break this down into bite-sized pieces because there are actually a lot of pieces, and some of them are legal issues to address.

 

[00:01 – 04:19] Opening Segment

  • How to navigate probate laws when a tenant passes away in your rental property
    • Notify the authorities and get written documentation of the death
  • Work with the executor, personal representative, probate attorney, or court to ensure legal compliance

 

[04:20 – 08:33] Understanding the Process of Handling a Tenant's Estate After Death

  • Secure the property as soon as you know that someone has passed away
  • Do not allow anyone into the property until you have paperwork that declares the decision maker
  • Lease extends to the expiration date, even if the tenant passes away

 

[08:34 – 11:09] Closing Segment

  • Long-term lease requires payment until expiration by the estate
  • Any unused portion must be returned to the executor

 

Resources Mentioned:

 

Key Quote:

 

Want to Learn More?

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Or you can send me an email at sharon@sharonvornholt.com

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

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