A tenant has a five year lease. The tenant dies after three years. Is the lease binding on the tenant's heirs?
A. No, death of either party terminates a lease.
B. No, leases are not inheritable.
C. Yes, contracts pertaining to real estate are binding on the heirs of the deceased.
D. Yes, only if the lease is a tenancy at will.
Answer: C. Yes, contracts pertaining to real estate are binding on the heirs of the deceased.
Business
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