Can a Property Management Company Handle a Property in Probate?

Probate can last anywhere from six to twelve months, sometimes longer if there are disputes, complications with the estate or complexities arising from money being held abroad. 

During the probate period, the property can sit empty, which creates risks such as damage, decline in value, or even security issues. Meanwhile, the family may be looking to move into this house or carry out some restorations so that they can sell it on the open market. 

By having a property management company involved, it can help prevent these problems.

The Role of a Property Management Company During Probate

A property management company looks after properties on behalf of owners, and during probate, their role becomes even more valuable. They can arrange regular maintenance, pay utility bills, and ensure insurance remains valid. 

If the executor of the will decides, they can also help arrange for tenants to rent the property during the probate period, bringing in income to cover running costs.

The executor or administrator remains legally responsible for the estate, but passing the day-to-day running of the property to professionals ensures everything is managed properly while the legal process continues.

Legal Considerations

Property management companies cannot sell the property or change ownership because only the executor or administrator has the legal authority to do so. However, they can handle repairs, cleaning, garden maintenance, council tax and general upkeep of the property.

A UK survey revealed that 62% of executors found managing a probate property stressful and time-consuming. Hence, having professionals step in to manage the property helps reduce this burden and keeps the property secure and well-maintained during what might be a hard and emotional time for the family.

Property Management Incurs Fees, But Could Be a Worthy Investment

An empty property can be expensive to maintain. It can lose value quickly if repairs are not handled promptly. 

Research shows that homes left vacant for more than six months can lose up to 10 per cent of their value due to neglect or damage. By hiring a property management company, the property is protected from deterioration, helping maintain or even improve its value during probate.

In some cases, executors choose to rent out the property until probate finishes. This can generate rental income to pay for council tax, insurance, and utility bills. A management company takes care of tenant checks, rental agreements, and any maintenance issues, ensuring the process runs smoothly.

Peace of Mind for Families

Managing probate over the course of 6-12 months can be one of the most stressful parts of dealing with a loved one’s estate. A property management company brings peace of mind by ensuring the home is secure, looked after, and financially productive if rented out.

This allows families and executors to focus on legal and emotional matters without worrying about the property falling into disrepair or losing value. For many, using a property management company during probate is a sensible and cost-effective decision that saves time, reduces stress, and keeps the property in good condition until the estate is fully settled.