Deeded own dies while my company manages the property

[Mark Bradford]

As the title says:

Owner of a property I manage dies. Now what? What paperwork should I receive from an attorney or family member to prove ownership?

What is the best way to handle this. I don't want to question the family member after thier loved one dies. But I do need some kind of proof.

Second part of this is. What if "new" owner doesn't want to use my company to manage anymore are tenants relieved of their rent lease?

[Account Closed]

Originally posted by @Mark Bradford:

Thanks for the replies so far. We are just holding as normal in the daily business of the property. I do ask to be careful of our posts on this topic and be sensitive in our statements.

The larger question in this post is : What type of paperwork would this executor of the will or new "owner" be bringing me? If it is the executor of the will would it be a court document or just from their attorney?

There are too many variables to answer that here. If the property was held in a trust, you may not receive any notice at all as the trustee or successor trustee will be handling the funds and the transfer of the property. Some states have simplified probate processes that transfer properties with affidavits or special deeds, so you might just get notice of new ownership. Some estates are really complicated and go on forever.

So maybe you'll hear from a successor trustee, maybe you'll hear from a lawyer, maybe you'll hear from an executor, maybe you'll hear from a public administrator. Just collect the rents and wait and see.