In September of last year, my aged brother entered into a one year lease. This year, the landlord insisted on another one-year lease. Brother had a bad fall on October 1st and died 5 days later. The landlord has informed me that he will not release the estate from the lease.
Without the $4800 per month pension, the estate has no income and little cash. It does have (A) $38k in high-interest credit car debt, and (B) real estate worth about $300k which may take months to sell. I’m considering using the cash to pay the credit card debt and telling the landlord he can (A) take two months rent now and release us from the lease or (B) wait until the real estate is sold, which may take six months. I would be willing to loan the estate money if, and only if, the landlord takes option (A).
Any suggestions otherwise?