Q: Can I rent my grandparents home that was willed to their children?
My grandparents willed their VA home to their children. Four of the 9 children are still living but no one is living in the home. Can the home be rented to any of the grandchildren w/o having to give them lifetime rights?
A: The house can be rented to anyone on the planet by the owners. A lease does not create lifetime rights. Use a real lease to avoid creating squatters rights, which, in DC, are pretty terrifying for landlords. The lease should account for the fact that it's a family deal by including arm's length normal commercial terms and a market rent.
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