Death or disability clause in Lease

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December 21, 2022, 05:38 PM

ZSMICHAEL

Death or disability clause in Lease

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.

December 21, 2022, 09:20 PM

mcrimm

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
...................................
When you have no future, you live in the past. " Sycamore Row" by John Grisham

December 22, 2022, 07:21 AM

rburg

I think my wife has that in her/our marriage contract :}

Unhappy ammo seeker

December 22, 2022, 11:12 AM

smschulz

What does this clause specify?

December 22, 2022, 11:16 AM

ZSMICHAEL

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.