My father expired few months ago. He had an industrial property in his name which was rented. After his death, can the same rent agreement (done by my late father) continue to be in effect or do we need to execute a new agreement.
In order to get a new agreement done, do we first need to get the property mutated first in one of the legal hier name. Can the property be mutated in name of 2 sons jointly if other legal hiers (wife, daughters) have no issues.
If the property is registered in names of 2 sons, is it required for both to do an agreement with tenant or any one can do? Also can one of them take the rent cheque in his name in case property is jointly held?
thanks in advance.
regards
Ahmad A.