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Inheriting an MPDU

The heirs of an MPDU owner can inherit an MPDU. During the control period for the MPDU, the heirs must live in the MPDU or must sell the MPDU through the MPDU program, following the normal procedures for an MPDU resale. If the MPDU controls have expired on the MPDU, the transfer of an MPDU to the heirs does not trigger the Shared Profit requirement. The Shared Profit would be required when the heirs would sell the property.
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Last Updated: 07/26/2016 15:36:56