Posted on: 14th Dec, 2008 01:39 pm
Can you collect rent on a life estate property?
Hi Carole Cohl!
Welcome to forums!
As far as I know, yes, a person having life estate on a property can place it on rent and collect rent from the tenants.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As far as I know, yes, a person having life estate on a property can place it on rent and collect rent from the tenants.
Feel free to ask if you have further queries.
Sussane
A life estate holder may lease a life estate property. However, the lease would terminate if the life estate holder died.
