Wisconsin | Real Estate Law
Legal Question
Question on sale of property
Several years ago, my mother put the deed to her land in my name with a clause that she had a ''lifetime lease'' to reside there. She pays the taxes and upkeep for the property. She now feels she is no longer able to maintain the property and wants to sell it. I am unable to pay for maintenance on a property that I do not live on and pay for my own dwelling. I offered to move there to help out, but she does not want to live with anyone. She found someone to sell to that will maintain the property and let her rent the house until her death. Therefore, she would not be responsible for taxes, repairs, etc. Is this a good idea? I am unsure of the situation. I am unsure of my position in the matter also since she has the lifetime lease clause in the deed. Any advice would be helpful. Thanks.
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Read More Answered By: Paul Piaskoski |
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