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Ann leases an office in Ted's building for a 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?
The tenant’s heirs inherit the lease and can fulfill its term. [ (A lease passes to a tenant’s heirs as per¬sonal property.) This rule protects the land¬lord’s interest, which is to realize the full benefits of the lease, and the ten¬ant’s interest, which is also to realize the benefits of the lease. Of course, both parties must continue to abide by the terms of the lease. ]
Expert answered|rhyann24|Points 1584|
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Asked 10/4/2011 10:14:50 PM
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Some courts hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other courts conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property. Where do you stand on this issue? Why?
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