what happens when a tenant dies nz?
17448
If there is only one tenant named on a Tenancy Agreement and they die, the tenancy ends on one of the following dates (whichever is earliest). This also applies to fixed-term tenancies: 21 days after the tenant's personal representative or next of kin gives the landlord written notice of the tenant's death.
931917
If the tenancy agreement is in your ex-partner's name, he or she is liable to continue paying the rent. However, if, for example, he or she has moved out and is no longer paying the rent, while you're still married or in a civil partnership you might have the right to live in the property and pay rent.
1102251
Succession rights when a council tenant dies The right for someone to inherit a tenancy when the tenant dies is known as succession. A council tenancy can only be inherited once, unless the tenancy agreement allows for more than one succession.
33625
If a landlord dies the tenancy does not end. It becomes part of the landlord's estate, just like the landlord's other assets and after Probate has been granted it then passes to the landlord's beneficiary/beneficiaries who will become the new landlords.
11721
As joint tenants, each person owns the whole of the property with the other. If one co-owner dies, their interest in the property automatically passes to the surviving co-owner(s), whether or not they have a will. ... If a co-owner no longer wishes to hold the property as joint tenants, they can sever the joint tenancy.
715792
When someone dies, their debts still need to be settled – this includes any mortgage they hold. Consequently, if your partner dies and the mortgage is in their sole name, then this money still needs to be paid back. What happens to the house depends on what life insurance arrangements the mortgage holder had in place.
159869
Selling Interest While the joint tenant with right of survivorship can't will his share in the property to his heir, he can sell his interest in the property before his death. Once a joint tenant sells his share, this ends the joint tenancy ownership involving the share.
285148
Upon the life tenant's death, or if the trust comes to an end due to a condition under the will, the asset will then pass to the beneficiary. The trust of the property commences on your mother-in-law's death and from that point onwards, the trustees of her will are responsible for the property.
476294
Death of a joint owner with a mortgage. When two or more people own a house they can do so either as joint tenants or tenants in common. If they own as joint tenants, and one of them dies, the survivors inherit the house. ... The mortgage debt may not pass to the survivor on the same basis.
127494
Right of Survivorship One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies. When a property is owned by joint tenants with survivorship, the interest of a deceased owner automatically gets transferred to the remaining surviving owners.
1420371
Upon the death of one tenant, the shares of the other tenants increase equally; in a sense they absorb the ownership interest of the deceased person. This automatic process continues until only one surviving joint tenant is left; this survivor becomes the sole owner of the property.
52409
Some or all of the tenant's estate may be subject to probate or trust administration. If there is no probate, it may mean a successor trustee is the only contact. ... Send a claim to the successor trustee for the payment of rent and anything else tenant must pay under the lease. Decide whether to terminate the lease.
151718
When the lease is due to expire, the grave owner will be sent a letter, inviting them to renew for further periods. The owner can then opt to renew the exclusive rights of burial for a further term. ... Existing burials in the plot are not removed or disturbed, but remaining space in the plot may be resold.
1173320
Succession rights can be claimed when the tenant of record dies, permanently leaves, or surrenders rights to the apartment, or upon the first lease renewal after the tenant of record dies, permanently leaves or surrenders rights to the apartment.
784191
Tenants in common, on the other hand, have their share of an asset become part of their estate, with the asset distributed on their death based on their will. ... Most spouses own property as joint tenants, so that their respective shares go directly to their surviving spouse on their death.
1363721
The tenancy will continue as a regulated tenancy for the other joint tenant as long as they are living there when you die. This doesn't count as a succession. The legal term is 'survivorship'. If the other joint tenant doesn't live there, the tenancy will end.
253996
When either joint tenant dies, the survivor — usually a spouse or child — immediately becomes the owner of the entire property. But when the survivor dies, the property still must go through probate. So joint tenancy doesn't avoid probate; it simply delays it.