What is the name of your state (only U.S. law)?
Some of you might recall me from another questions regarding a lease I am reviewing prior to signing. I started a new thread because it is involving a different area
The covenants, obligations and conditions herein contained shall be binding on and inure to the benefit of the heirs, legal representatives, and assigns of the parties hereto
Does this clause mean that if I die, my heirs would be bound to continue payment of this lease?
This is very important to me as I am currently battling Cancer, for the 2nd time. Of course, I fully expect to beat it again (Mind over matter), but should the worse happen, I have only 1 son, who is just 18 yrs old. This is a very expensive 2 yr lease and I would not want him to have a court case on his hands during a difficult time as he would be unable to pay.
I was planning to request a Death Clause being put in the lease to handle this concern, and would have to ask this to be striked as well if I am understanding it correctly. Of course I understand that the LL is not obligated to accept either request, but want to see if I understand this clause correctly because I must make the mod request if I do.
I searched google before posting here, but came up with nought (Granted my search skills are not top notch)
Thanks for reading