Rental Property Management Tips – Tenant Death or Bankruptcy
The bankruptcy or death of a tenant affects the tenancy. When someone is named as the executor or administrator of an estate or a trustee of a bankruptcy, the law assigns the rights and responsibilities of the tenancy to that person – they may choose to either continue the tenancy or give notice to end it.
Where a tenancy has been assigned in this way, the landlord’s consent isn’t needed. However, it’s always good for the executor or administrator to inform the landlord of their involvement and keep the lines of communication open.
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