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Ann leases an office in Teds building for one-year term. At the end of the period specified in the lease, the lease ends without notice, and possession of the office returns to Ted. If Ann dies
during the period of the lease, what happens to the leased property
Depends on how the lease was written and if she had tenants insurance which would pay the rent if anything happened to her. [ If not her estate would still have a right to pay the rest of the rent until the lease terminates at which time the land lord would then have the right to take possession. ........... ]
Expert answered|sujaysen|Points 3380|
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Asked 1/7/2013 10:34:38 AM
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