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UnexpectedPassing.com

Beyond Wills & Estate Planning
  • Home
  • First Steps
  • Death Planning
  • Funerals, Etc.
  • Financial Details
  • Real Estate
  • Digital Footprint
  • Subscriptions
  • Shared Stories
  • Checklists
  • About Us & Site Policies

Mortgage or Rent

Mortgage Information

  

If you have a mortgage, your Executor/Executrix will need to contact the mortgage company  regarding your death. 


Any disruption to scheduled mortgage payments - whether it is an account change or the mortgage company should expect payment from a third party - needs to be addressed immediately.  


Also consider that there may be more than one mortgage company, in which case, each mortgage company must be notified, and appropriate actions arranged and confirmed.


If the mortgage payments are not automatically debited from the deceased's checking account, then the Executor/Executrix must ensure that these payments are continued.


If "mortgage insurance" is involved - usually taken out by younger homeowners - chances are that this insurance will pay off the mortgage, and the property will become part of the assets of the estate, with no liens. 


If you are not sure - check with the mortgage company (or companies).

Essential Details to Provide For Either a Mortgage or a Rental Property

  It is always best if you preplan and leave complete information about your mortgage or rent for your Executor/Executrix


If you use a planning document, we suggest that you include contact information on your home's mortgage


If you are a renter, you should provide contact information on your rental agreement

Rental Issues

In the situation where the deceased was renting a property, the premises must be vacated within the same month as the deceased's passing. 


If the Executor/ Executrix or person-in-charge is unable to clear the dwelling that quickly, the rent must still be paid. 

If this dwelling is in an adult residential community, the community management will notify you as to when they will expect you to have the apartment cleared out.


Note, "clearing out" means not only the apartment space, but also any allocated storage space in the building used for personal belongings.


You may also need to check on rented garage space and parking rules  - particularly with apartment buildings. 

With my friend's estate, the management company of the senior community was quite firm on the date for clearing out all belongings - with no room for negotiation. 

Other Considerations for Renters

Expect that any landlord/owner will also have a check list, for the conditions of the dwelling upon vacating the premises. 


In your planning document, provide your Executor/Executrix with the following details:

  • Landlord name and contact information
  • Copy of the lease agreement
  • Information on any garage space that is rented and or accounted for in a sparate charge or possibly as part of your maintenance bill. 


If the Executor/ Executrix or Person-in-Charge is unable to clear the dwelling that quickly, the rent must still be paid. 

Additional Critical Information to provide: 

For some areas, cars need stickers and/or parking permits. 


It will be critical for the executor/executrix to know, especially if your death occurs near an expiry date for said permit/sticker. 

More on Real Estate

Home Security

The Police should be notified  if the deceased was living independently. Irrespective of whether or not someone will continue to reside in the home, for security purposes let the police know of the death. 

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Utilities & Maintenance

Like mortgages and rent, utilities and maintenance need to be addressed.

More

Other Real Property

What about rental or investment properties? Vacation homes? Timeshares?

More

Other Featured Sections

First Steps

Death Planning

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Step-by-step guide to what to do first. Calls, paperwork, Care Arrangements, etc.

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Death Planning

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Personal Information

Detailed guide to prepare or fulfill final wishes

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Funerals, Etc.

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Where do you start? Physical remains, funeral options, death certificates, memorial services and more...

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Bank acounts, investments, pensions, property, etc.

Next hurdle -how to handle financial records and accounts

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Digital Footprint

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Digital Footprint

Social Media & Digital Presence

What you need to know to protect and eliminate the deceased's digital presence

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Subscriptions

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Digital Footprint

Magazine Subscriptions, Memberships and more

Don't forget subscriptions, memberships and more...

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Shared Stories

Shared Stories

Shared Stories

Funny, helpful, special stories others have shared to help you through the process

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Checklists

Shared Stories

Shared Stories

For each section, download and personalize a ped checklist

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When I Leave You & Real Estate Checklist

When I Leave You - Our preplan document


Real Estate Checklist

When_I_Leave_You (pdf)

Download

Real Estate Checklist (pdf)

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