Hi forum,
Where there is a leasehold property in an estate, is it possible for an executor under a Will to sign the documentation to extend the lease prior to obtaining the grant of probate? And if so what it the statutory provision allowing this?
Thank you!
If the lessor is willing then the executor could take a new lease which he would hold as a bare trustee for the estate. The lessor is more at risk, in case the executor is not what he claims to be.
If it’s a really urgent matter, it could be done by the executor as the administrator under an ad colligenda grant.