Legal Question in Real Estate Law in New York
If the lessor on a commercial property dies, without a will and the property is held in the name of the estate until sold, does the lease terminate and become a month to month rental? There is no provision in the lease for death of the sole owner of the business.
Asked on 11/21/16, 10:44 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Terms of lease control and are binding on the estate, unless lease contains something about this.
Answered on 11/21/16, 10:55 am