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Lifetime Lease Agreement
"I need a Lifetime Lease Agreement for my elderly mother who will be moving into my investment property in Geneva from March 2025, with provisions for in-home care services and specific modifications to accommodate her mobility needs."
1. Parties: Identification of the lessor (property owner) and lessee (lifetime tenant), including full legal names, addresses, and any relevant registration numbers
2. Background: Context of the agreement, including brief description of the property and the parties' intention to enter into a lifetime lease arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Lease Period', 'Common Areas', etc.
4. Grant of Lease: Formal grant of lifetime lease rights, specifying the exact property and any included fixtures or fittings
5. Duration: Specification that the lease is for the lifetime of the lessee, with any specific provisions about when it commences
6. Consideration: Details of any upfront payment, periodic payments, or other financial consideration for the lifetime lease
7. Rights and Obligations of the Lessee: Comprehensive list of the lessee's rights and responsibilities, including usage restrictions and maintenance obligations
8. Rights and Obligations of the Lessor: Detailed outline of the lessor's ongoing responsibilities and retained rights regarding the property
9. Maintenance and Repairs: Clear allocation of maintenance and repair responsibilities between lessor and lessee
10. Insurance: Requirements for property insurance and other necessary insurance coverage
11. Utilities and Charges: Responsibility for ongoing utilities, taxes, and other property-related charges
12. Succession and Transfer: Provisions regarding what happens upon death of the lessee and any restrictions on transfer of rights
13. Early Termination: Circumstances under which the agreement may be terminated before the lessee's death
14. Dispute Resolution: Process for resolving any disputes that may arise during the lease period
15. Governing Law: Confirmation that Swiss law governs the agreement and specification of jurisdiction
1. Sub-letting: Include when sub-letting rights are to be granted to the lessee
2. Care Provisions: Include when the agreement includes arrangements for care or support services
3. Property Modifications: Include when specific provisions are needed regarding the lessee's right to modify the property
4. Cohabitation Rights: Include when rights are extended to spouse/partner or other family members
5. Special Access Rights: Include when there are shared facilities or special access arrangements
6. Property Management: Include when a property management company is involved
7. Integration with Estate Plan: Include when the lifetime lease is part of broader estate planning arrangements
1. Schedule 1 - Property Description: Detailed description of the property, including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and furnishings included in the lease
3. Schedule 3 - Condition Report: Initial condition report of the property at commencement of lease
4. Schedule 4 - Financial Terms: Detailed breakdown of any financial arrangements, including payment schedules
5. Schedule 5 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
6. Schedule 6 - House Rules: If applicable, rules relating to use of property or common areas
7. Appendix A - Required Certificates: Copies of necessary certificates (e.g., safety certificates, energy performance)
8. Appendix B - Power of Attorney: If applicable, power of attorney arrangements for property management
Authors
Real Estate
Elder Care
Property Management
Legal Services
Residential Housing
Senior Living
Estate Planning
Insurance
Healthcare
Social Services
Legal
Real Estate
Property Management
Compliance
Asset Management
Wealth Planning
Housing Operations
Elder Services
Risk Management
Client Relations
Real Estate Lawyer
Property Manager
Estate Planning Attorney
Notary Public
Legal Counsel
Housing Director
Senior Living Coordinator
Asset Manager
Compliance Officer
Elder Care Specialist
Real Estate Agent
Property Developer
Trust Officer
Wealth Manager
Social Worker
Housing Operations Manager
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