Transferring rental income to new account

bsatkinson

Hello. My father recently passed away. One of his assets was his parents' house, which he had been renting out. We are considering asking the rental management company to start paying the rental income into one of our accounts rather than our father's, prior to informing his bank of his death. Is this allowed, and are there any potential complications from doing this?

TonyMMM

The property will be an asset of the estate, and as such under the control of the executor (if your father left a will ?). The executor, on behalf of the estate will take over the responsibilities of being a landlord, so will need to comply with all the relevant legislation.
Are you the executor and is the property left to you in the will, or are there other beneficiaries potentially involved ?

Keep_pedalling

Not only is it allowed, but you have to inform the bank of his death, which will mean his accounts are frozen, so you will need the payments to go to an executor account.