Does my lease terminate if the landlord dies?

“My father recently passed away. He had rental properties in his name and one of the tenants phoned me to hear if he has to move out now that my father has passed away. What is the position? Has the lease come to an end?”

Lease agreements don’t generally terminate on the death of the landlord. The appointed executor of the estate of the deceased will take over the administration of the estate and transfer the residue of the estate, after paying out legatees, to the heirs. The rights and obligations in terms of the lease agreement will pass to the heirs, provided that the heir/legatee accepts the inheritance.

The terms of the lease agreement will be paramount in determining the grounds for termination of the lease. Should the agreement specifically provide that the lease terminates on the death of your father (the landlord) then this position will apply when the landlord dies. A tenant will however have to be allowed a reasonable period to vacate the premises.

Given that tenants could be affected by the death of your father, it may be prudent to approach your executor to review the lease agreements and determine the termination provisions thereof to avoid continuing uncertainty in this regard and ensure proper communication with your tenants on their continuing rental position.

October 4, 2018
Sole Mandate: Should I or Shouldn’t I?

Sole Mandate: Should I or Shouldn’t I?

Many prospective sellers are confronted with an invitation by estate agents to grant them a sole mandate for the sale of their property. 9 out of 10 times the immediate reaction is to decline the offer due to a perception that a sole mandate is only a clever way for the estate agent to obtain exclusive rights to your property which in turn will result in your property not being effectively introduced to the market and decreasing your chances of a successful sale.

Can I amend my Trust Deed?

Can I amend my Trust Deed?

A trust is an agreement between the founder of the trust and the trustees of the trust for the benefit of a third party, namely the trust beneficiaries of the trust. Different to a company, a trust is not established in terms of legislation, but is established by the trustdeed of the trust which serves as its founding document.

Kan ek my Trustakte wysig?

Kan ek my Trustakte wysig?

‘n Trust is ‘n ooreenkoms tussen die oprigter van die trust en die trustees van die trust ten behoewe van ‘n derde, naamlik die begunstigde(s) van die trust. Anders as ‘n maatskappy word ‘n trust nie opgerig in terme van wetgewing nie, maar deur middel van die trustakte van die trust, wat dien as die stigtingsdokument.

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