Common use of Transfer by Devise or Inheritance Clause in Contracts

Transfer by Devise or Inheritance. a. If a Transfer occurs by devise or inheritance due to death of an Owner, the personal representative of the Owner's estate or the person inheriting the Property (the "Inheriting Owner") shall provide written notice to the Town within 30 days of the date of death. b. If the Inheriting Owner is a Qualified Owner, they shall provide the Town with documentation proving their status as such, and the Town may determine if the Inheriting Owner is in fact a Qualified Owner. If the Inheriting Owner fails to provide the required documentation, they shall be deemed a Non-Qualified Owner. If the Inheriting Owner is a Qualified Owner, they shall succeed to the Qualified Owner's interest and obligations under this Agreement. c. If the Inheriting Owner is a Non-Qualified Owner, the Inheriting Owner shall contact the Town to Transfer the Property pursuant to Section 4 hereof.

Transfer by Devise or Inheritance. a. If a Transfer occurs by devise or inheritance due to death of an Owner, the personal representative of the Owner's estate or the person inheriting the Property (the "Inheriting Owner") shall provide written notice to the Town within 30 days of the date of death. b. If the Inheriting Owner is a Qualified Owner, they he or she shall provide the Town with documentation proving their his or her status as such, and the Town may determine if the Inheriting Owner is in fact a Qualified Owner. If the Inheriting Owner fails to provide the required documentation, they he or she shall be deemed a Non-Qualified Owner. If the Inheriting Owner is a Qualified Owner, they he or she shall succeed to the Qualified Owner's interest and obligations under this Agreement. c. If the Inheriting Owner is a Non-Qualified Owner, the Inheriting Owner shall contact the Town to Transfer the Property pursuant to Section 4 hereof.

Transfer by Devise or Inheritance. a. If a Transfer occurs by devise or inheritance due to death of an Owner, the personal representative of the Owner's estate or the person inheriting the Property (the "Inheriting Owner") shall provide written notice to the Town within 30 days of the date of death. b. If the Inheriting Owner is a Qualified Owner, they shall provide the Town with documentation proving their status as such, and the Town may determine if the Inheriting Owner is in fact a Qualified Owner. If the Inheriting Owner fails to provide the required documentation, they shall be deemed a Non-Qualified Owner. If the Inheriting Owner is a Qualified Owner, they shall succeed to in the Qualified Owner's interest and obligations under this Agreement. c. If the Inheriting Owner is a Non-Qualified Owner, the Inheriting Owner shall contact the Town to Transfer the Property pursuant to Section 4 hereof.