Common use of Death of Buyer Clause in Contracts

Death of Buyer. If Buyer (or any of the persons listed as Buyer) is a natural person and dies before the Closing Date, Seller shall have the right (but not the obligation) to cancel this Agreement upon written notice to the personal representative of the Buyer who died and to any other Buyer. Upon such cancellation, Seller shall return Buyer's deposits, less any escrow cancellation fees, and neither Buyer nor Seller will then have any further rights or obligations under this Agreement.

Death of Buyer. If an individual Buyer (or any of the persons individuals listed as Buyer) is a natural person and dies before the Closing Date, Seller shall have the right (but not the obligation) to cancel this Agreement contract upon written notice to the personal representative of the Buyer who died and to any other Buyer. Upon such cancellation, Seller shall return Buyer's deposits, ’s deposits and less any escrow cancellation fees, and neither Buyer nor Seller will then have any further rights or obligations under this Agreementcontract.