Commercial Lease - What happens when a named party on the lease dies? - commercial lease
The lease is commercial. The name on the lease is a venture partner, who is deceased. The company name is not on the lease. The lease is still valid to enforce?
Any help is welcome.
Wednesday, January 13, 2010
Commercial Lease Commercial Lease - What Happens When A Named Party On The Lease Dies?
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3 comments:
If one party dies the tenancy (ie a person as lessor and / or an individual) as a tenant, then the contract is void. Since the party did not call the leasing company and no one is to continue its contractual obligations. Therefore, in the first paragraph of the lease, all parties involved.
The contracts were not enforceable and actionable as an act of God destroyed when the field is not an act of law, it is possible to die, contracts with minors and one or two directors contract. The contracts they would be void if they are entering against the law.
Good luck
Normally, contractual obligations with the death of either party terminated, unless there is a provision in the contract that the obligation of the estate or beneficiaries will be accepted. As a rule, with the lease, but if one or both die, then the contract is invalid.
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