Legal Question in Real Estate Law in Illinois

Leased land
We had property that was on leased land. The woman who owned the property died. New owners bought the property and we purchased it. The sale closed between the new owners and the estate. My question is, can the new owners claim to or collect a lease that was owed to the dead woman, prior to their purchase of the land? The estate never tried to collect before the purchase and the new owners now claim they can legally collect all past due rents that were owed the dead woman. Is this true?

Asked on 8/31/00, 12:41 pm

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Re: Leased land

Hello and thank you for your

very interesting question.

In my opinion, I believe an

argument can be made that

the now owners cannot collect

the money owed the now deceased former owner. Be

very careful in dealing with

them and hire a lawyer to

represent you immediately!!

Answered on 10/21/00, 11:41 pm

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