Leasing the Endowed Property

Document Type : Research Article

Authors

1 University of Shiraz

2 Shiraz

Abstract

Since endowed properties cannot be changed or sold, having the properties hired is reckoned to be the best way to make them profitable. Although endowment enjoys a legal status, which makes it viable to own the endowed property, the trustees or the beneficiaries of the endowed property, can function as agents and have the property hired. In this circumstance, the lease contract will not become null and void should the agents die.

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