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Death or disability clause in Lease Login/Join 
ZSMICHAEL
Member
posted
Is this customary in commercial leases that involve the delivery of professional services?
In this case I am the tenant and the new landlord wants to change the terms of the lease.
 
Posts: 17767 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
mcrimm
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As a career banker,we had that type of language in our loan documents. Our sophisticated borrowers made us remove this cause of default.


I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
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When you have no future, you live in the past. " Sycamore Row" by John Grisham
 
Posts: 4301 | Location: Saddlebrooke, Arizona | Registered: December 24, 2013Reply With QuoteReport This Post
rburg
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I think my wife has that in her/our marriage contract :}


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Posts: 18394 | Location: Kentucky, USA | Registered: February 25, 2001Reply With QuoteReport This Post
smschulz
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What does this clause specify?
 
Posts: 23492 | Location: Houston, TX | Registered: June 11, 2006Reply With QuoteReport This Post
ZSMICHAEL
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That in the event of disability or death of the tenant it terminates. I have been month to month and have a new landlord that wants a longer lease. This would provide protection for the tenant.
 
Posts: 17767 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
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