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Introduction Inheritance is a common way of property acquisition all over the world where persons bequest their loved ones with the property as they deem fit. The property is passed on to the beneficiary upon the demise of the property owner. Upon the demise of my uncle, I was privileged to inherit a piece of land that has a commercial property on it, which I intend to lease out for purposes of income generation. In the process, some issues have come to light, which have profound implications on my interests on the property. Inheriting immovable property has its obligations as one inherits other obligations and encumbrances associated with the property, which includes liens against the commercial property. In this circumstance where the property inherited is immovable, the laws applicable in every dealing of the property should be the law of the state in which the property is situated, in this case, the state of Georgia. This principle is referred to as the lex loci rei sitae. The principle was upheld in the case of Fuhrhop v. Austin. However, it is imperative to not that matters that do not affect the interest in the property or the title are subject to the general principles of the law of contract. Immediate consideration First, taking into account the information at hand, it is a fact that inheriting the property has bestowed all the obligations and encumbrances attached to it. Therefore, I am obligated to honor
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