Our agreements contemplate these circumstances and our approach is intended to be fair, practical, and sensitive to the client’s situation.
In the event of death:
For a sole tenant, the lease terminates 30 days following the tenant’s death. Where there is more than one tenant, the surviving tenant may continue under the lease, with the estate included for a 30-day period before the tenancy continues solely in the name of the surviving tenant.
Under the Option to Purchase Agreement, where a sole optionee passes away, the agreement terminates concurrently with the lease. In these circumstances, any penalty fee otherwise applicable is waived.
In the event of disability:
Because every situation can vary significantly, disability-related circumstances are assessed on a case-by-case basis. Our approach is to work constructively and compassionately with clients to understand their circumstances and determine an appropriate path forward.
Our objective in either situation is to provide a framework that is fair, practical, and responsive to client needs.
