Legal Question in Wills and Trusts in New York
If an elderly woman signs a lease agreement and dies befor it is up. Is the estate liable for the continued payment of the apartment?
Asked on 9/08/09, 7:36 am
2 Answers from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Yes. However, generally the landlord will release the estate from future obligations under the lease.
Mike.
Answered on 9/13/09, 8:40 am
Walter LeVine
Walter D. LeVine, Esq.
Yes, but the release from further liability is subject to the terms of the Lease, how long the Landlord needs to re-rent the apartment and the negotiation ability of the Executor. Until some agreement is reached the Estate remains liable to the end of the term of the lease.
Answered on 9/13/09, 2:11 pm
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