Reassignment of Long Lease following death

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    Reassignment of Long Lease following death

    Can anybody please tell me what the process will be once the death of a long leaseholder takes place. Does the representative of the Tenant need to request the Landlord reassign the Lease, if to be transferred to another family member.

    #2
    it is held by the estate, if the estate transfers it to a family member, whether by the will or sale, it is an assignment and notice msut be given.
    Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

    Comment


      #3
      Originally posted by leaseholdanswers View Post
      it is held by the estate, if the estate transfers it to a family member, whether by the will or sale, it is an assignment and notice msut be given.
      What happens if there is a dispute on the demised premises with the Landlord, property extended without formal regularization of the Lease, can Landlord realistically refused to assign? Thanks

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        #4
        If there is breach of the lease they can withold consent- regularise it by retrospective consent- or assert waiver if they knew about it and have since demanded ground rent and or service charge.
        Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

        Comment

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