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Real Estate
Reply to "Am I legally responsible for my elderly parents beach condo lease when they pass away?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wouldn’t it be the estate-not you individually? What kind of lease are you talking about (a summer, a week, a year, etc?) There is probably something in it about what happens in the event of death of the leaseholder(s). Also-the odds that your parents due simultaneously seem low, will the survivor keep releasing it when one passes away? Or as their health declines?[/quote] Yearly lease. I always plan for the worst case scenarios.[/quote] Tell your parents to put some kind of exclusion in the lease for disability or death.[/quote]
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