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Dad Just Passed, Best Way to Change Leases for Mom?
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H3f
Posted 9/18/2016 18:24 (#5536275 - in reply to #5536189)
Subject: RE: Dad Just Passed, Best Way to Change Leases for Mom?


#1 Slow down. Any decision taken now may very well be regretted later by you or your mom.
#2 Any other siblings?
#3 Did all the land belong to your mom and dad? Or are there other landlords?
#4 Suspect technically the ground is already rented for 2017, unless both parties agree to changes (which sounds very doable)
#5 Think about it for awhile and let your mom think awhile too.
#6 See your tax advisor and think about what he/she tells you.
#7 Remember a share agreement can be pretty simple also.
#8 Also shares may work better for you for cash flow reasons.
#9 Share rent may be easier to assure both parties are treated equitable.
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