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The question

Is an open-ended, inherited lease agreement permissible in Islamic law, and is it permissible for the heirs to continue in a company that has become their property after the death of the original parties, and what is the Islamic legal ruling on the amounts offered as compensation for vacating the property and for the company shares?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Long-term lease contracts without a specified duration are void. The saying "the contract is the law of the contracting parties" is not absolute; any condition that violates Islamic law is void. Scholars have unanimously agreed that the duration of house leases must be known. The heirs must immediately hand over the property to the owner, and they have no right to demand key money; rather, they must vacate it free of charge. As for equipment, it may be purchased by mutual consent. Upon the father's death, the partnership between him and his partner is terminated.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
86508
Imported
Translation status
Source text, unreviewed
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