Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a long term lease enforceable against the heirs of the lessor?

April 26, 2017Enforceable heirs lease lessor term

0

Posted

Is a long term lease enforceable against the heirs of the lessor?

1 Answer

0

Posted

aYes and no. During the initial 30 year term of the lease, the lease is enforceable against the heirs of the lessor. However, the heirs of the lessor are not bound to honor the 30 year renewal term. Therefore, it is advisable to avoid lease agreements with individual lessors (as opposed to corporate lessors).