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Topic Starter |
Always ask 'Why?"
Join Date: Oct 2011
Location: Two Rivers, Wisconsin
Casino cash: $-897600
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Question for LandLords: Have you ever had a tenant pass away?
Several years ago, I got into the landlord business with a small office building with a mix of both commercial and residential tenants.
Just received a phone call that one of the business tenants, a sole proprietor, sadly lost his battle with cancer. His business had just renewed for another year. And there was no verbiage in the lease about death of the business owner. How does the law deal with residential rental vs. commercial rental? Isn't a LLC or corp business consider a living entity? I have no idea who the next of ken are. Any ideas what I should do? Thanks |
Posts: 3,007
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