When Your Elderly Landlord/Landlady Leaves

Another blog based on client themes


Sunday February 12, 2017

Many super seniors own their homes - mortgages paid off long ago. Some rent out an apartment or room in their homes to cover the overhead - with tenants remaining for decades - paying very little rent. These could include family members, friends, or someone who stayed on without a rent increase, as if the apartment was rent stabilized.

As super seniors move into their 90s, they will soon pass, or move to assisted living. Someone in the family will inherit the home and sell it. Where does this leave the tenant? If they are lucky they inherit the house and stay on renting one apartment and living in the other. This usually applies to family members.

In most cases tenants have hopefully saved for the day they have to move. Working tenants will look for affordable housing if they can find it. Others have become seniors and have nowhere to go at the old rent. They move in with family or look for a share which is not easy when you're used to your privacy. Some may become homeless - a very dangerous situation.

You have been taught that when one situation goes away another will replace it - whether it's a home, a job, a relationship, or something else. Some have faith that God with bring it, but that is a myth.

Some believe you attract what you need - synchronicity - Law of Manifestation. It just seems that way at times but also not true. If you understand that we live in a programed hologram, you know it's all about your programmed experiences which bring the next. As with all things in duality - that can be a positive or a negative ... or maybe bit of both.





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