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Updated almost 5 years ago,
Lease Purchase Tenant passed away. Can daughter take over?
Hi,
I own a Mobile Home in which I was offering a Lease Purchase to the tenant. She was on a 10 year Lease Purchase plan. I actually just purchased it in Dec 18’ and we signed a new contract for the remainder of the note, which was 3.5 years left at the time. She made payments by just depositing so I hardly ever saw her.
I received a phone call from her daughter yesterday stating that her Mom had passed away a year ago and that she’s been making the deposited payments.
I know she is not the only sibling and to my knowledge, the daughter didn’t live there before her passing (but I don’t know for sure).
Anyway, the only person in the lease is The Mother. The is no mention in the lease about this circumstance. It does say that the tenant cannot sublease without written permission. Again, I had no idea about any of this until yesterday.
My questions are:
A) Does the daughter have the legal rights to the Mobile Home and the right to take over the remainder of the term, which is about 2 years?
B) If not, how would you as a landlord handle this situation?
Thanks in advance :)