When it is possible to rent out real estate acquired as an inheritance

Losing a loved one or a distant aunt you saw once in your early childhood does not instantly make you the owner of their property, even if that was their will. From the moment of the death of the previous owner to the moment of the appearance of a new one, a certain period must pass, during which the heir must deal with the will of the testator and take a number of measures.

1. Discovery of heritage. It takes place directly on the day of the testator's death. From a legal point of view, it is customary to believe that the right to inheritance arises from this moment.
2. Acceptance of inheritance. Half a year is given for this from the day of the testator's death.
3. Opening of inheritance case. This process begins immediately after the opening of the inheritance. It requires a series of actions to fulfill the legal nuances. First of all, you need to go to a notary and provide him with documents, including a death certificate and a will. If necessary, the expert will conduct real estate appraisal and other assets. According to the current legislation, before receiving the inheritance, you will have to pay taxes for it, the amount of which will depend on the property that you will later become the owner of.
4. Obtaining a certificate of the right to inheritance. This document is issued to you by a notary after you have burned the taxes and completed all the previous points.

Only after passing all four stages do you really become the owner of the property. On the day of the death of the previous owner, its effect ceases property rights, but your action does not start. During the next six months, you only have the right to use the acquired property for your personal purposes. Regarding him leasing, then it is worth waiting for stage #4. Lease, from a legal point of view, is considered alienation of the right of use, so you can exercise it only after you have previously acquired the right to inheritance. It is illogical to feel what you do not have - agree.

We advise tenants to take their time and not agree to rent an apartment that has not yet been transferred to its new owner. In the pursuit of profit, some heirs try to sell their real estate before they have the right to do so. In the case of contesting the will, other applicants for the house may oppose its transfer, so you run the risk of being left without money and without a roof over your head. To avoid unwanted surprises, contact us for help. We independently check each home owner and are responsible for their integrity and reliability.