Dead Tenant's Society! How to Deal with Abandoned Property and Tenant Death

"Dead Tenant's Society"?! Abandoned Property and Tenant Death
Join us for another great, informative webinar featuring Patti Widget!

• Date / Time: 11:00 A.M. – 12:00 P.M. (Noon), Tuesday, October 29, 2023
• Register Today: https://web.aagla.org/events
• Cost: FREE to all AAGLA members
• How to Attend: Please log in to register. Register online at www.aagla.org/events

When a tenant dies and leaves behind property with no heirs to claim it, what is your responsibility? Under California law, landlords must follow specific procedures to store the tenant’s belongings, notify contacts, and allow at least 18 days for the property to be reclaimed.

Did you know that if a tenant dies during a lease term in California, the lease remains in effect? The estate’s executor or administrator becomes the tenant. Additionally, landlords must disclose any death in a unit for at least three years to future tenants—in writing!

Once again, our leading multifamily industry expert, Patti Widget, founder of Widget's Way, joins us for an amazing presentation to help YOU understand the regulations and survive the process.

During this webinar, Patti will explain what you need to know about handling a tenant’s abandoned property, who to contact, the steps to take, and how to recover your money. She will also cover your rights and responsibilities if a tenant dies in the rental unit.

This presentation will include:

• How to know when a tenant has abandoned a unit and what steps to take
• Your responsibility to secure and store property under certain circumstances
• What happens to a lease after a tenant dies? When does it end?
• Who pays the rent after the tenant’s death? What if no one claims the property?
• Disclosure obligations to next of kin and future tenants after a death in a unit
• And much more—Patti will answer YOUR questions for a full hour!

This will be a live, interactive, online session. Live Q&A will take place throughout the event. Please join us for what promises to be an informative and entertaining presentation. Please log in to register.

If you have any questions, contact Events Manager Diana Alcaraz at diana@aagla.org.

THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR. BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES, AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME. BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM YOUR LICENSED PROFESSIONAL.

Seminar Leader:

Patti Widget, Widget's Way
Patti "Widget" is a property management expert with nearly 25 years of experience as a regional property manager. She teaches classes, speaks at events including UCLA, and holds certifications such as California Licensed Real Estate Broker, CCRM, EPA Lead-Based Paint Renovator, and more.

Moderator:

Daniel Yukelson, AAGLA Executive Director
Daniel Yukelson is the Executive Director of the Apartment Association of Greater Los Angeles. A Certified Public Accountant, Daniel has held CFO positions for Oasis West Realty and Premiere Radio Networks. He also served as a Planning Commissioner in Beverly Hills.

Title Sponsors:

Real Estate Transition Solutions
Real Estate Transition Solutions (RETS) is a consulting firm specializing in tax-deferred 1031 Exchange strategies and Delaware Statutory Trust investments. For more information, visit www.re-transition.com/aagla or call (866) 352-3354.

Kern Insurance
Kern Insurance Associates, established in 1972, offers tailored insurance solutions with white-glove service. Partnered with PCF Insurance Services, Kern delivers nationwide coverage. Call (844) 444-KERN (5376) or visit kern.com.

Webinar Registration Ticket Price:
Member Ticket: $0.00
REGISTRATION ENDS: September 24, 2024