Section 10536 Of Article 3. Powers The Exercise Of Which Requires Giving Of Notice Of Proposed Action Under Some Circumstances From California Probate Code >> Division 7. >> Part 6. >> Chapter 3. >> Article 3.
10536
. (a) The personal representative has the power to enter as
lessor into a lease of property of the estate for any purpose
(including, but not limited to, exploration for and production or
removal of minerals, oil, gas, or other hydrocarbon substances or
geothermal energy, including a community oil lease or a pooling or
unitization agreement) for such period, within or beyond the period
of administration, and for such rental or royalty or both, and upon
such other terms and conditions as the personal representative may
determine. Except as provided in subdivisions (b) and (c), the
personal representative may exercise this power without giving notice
of proposed action under Chapter 4 (commencing with Section 10580).
(b) The personal representative shall comply with the requirements
of Chapter 4 (commencing with Section 10580) where the personal
representative enters into a lease of real property for a term in
excess of one year. If the lease gives the lessee the right to extend
the term of the lease, the lease shall be considered as if the right
to extend has been exercised.
(c) The personal representative shall comply with the requirements
of Chapter 4 (commencing with Section 10580) where the personal
representative enters into a lease of personal property and the lease
is one described in subdivision (b) of Section 10532.