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Lifetime Tenancy Agreement Details

This document is a life annuity contract between a pensioner and a debtor. The pensioner transfers the ownership of a car and a house to the debtor. In return, the debtor agrees to pay the pensioner a monthly annuity for the rest of their life. The contract stipulates that if the debtor passes away, their heirs will continue to pay the annuity until the death of the pensioner. Both parties agree to split the costs of the contract and deed equally.

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2 views4 pages

Lifetime Tenancy Agreement Details

This document is a life annuity contract between a pensioner and a debtor. The pensioner transfers the ownership of a car and a house to the debtor. In return, the debtor agrees to pay the pensioner a monthly annuity for the rest of their life. The contract stipulates that if the debtor passes away, their heirs will continue to pay the annuity until the death of the pensioner. Both parties agree to split the costs of the contract and deed equally.

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LIFETIME RENTAL AGREEMENT

Based on articles 2196, 2197, 2198, 2202,


2204, 2205, 2206 of the Civil Code for the Free and Sovereign State of
Morelos, on the days _____________ of the month of
_________________ de _____________________, ante mí, licenciado
______________________ public notary in office, holder of the notary
public Number_______ of this municipality, appeared: on one side,
the gentleman ________________________________________ to whom in the
subsequently will be referred to as pensioner, Mexican, originally from
_____________________ at ________ years old, employee, at
current in the payment of the income tax, with Federal Registration of
Causes _________________ y with address in
_____________________ y for the another the mister
_____________________________ to whom in the future it will be
will be referred to as debtor, Mexican, originally from ________________ of

________ years old, up to date with the payment of the tax on the
rental, with Federal Taxpayer Registry _________________ and with
address at _______________________ persons to whom I, the undersigned
notary, I certify that I personally know those who in my opinion have
legal capacity to contract and bind oneself validly, without my knowledge
nothing contrary. The attendees expressed to me that they come to
grant a life annuity contract, according to the following:

BACKGROUND

The pensioner states: That he is the owner and is located in


possession and full ownership of the following assets:
a) ___________________________________ supported by invoice in your
favor number ____________ date ____________________ of
______________, issued by ______________________________.

b) From the house marked with the number ____________ of the Avenue
__________ land on which it is built in __________________
both located in _______________ lands that they form the

______________________________ whose land has the following


boundaries ___________________ meters in front, by
_______________ meters deep, with the boundaries that, to
continuation, it is expressed:

To the south, _______________, to the west ________________, with


property of the person __________________, north with land of
____________________ y to theeast with property of
_______________________.

That property is free of all encumbrances and


up to date with their property tax payments, justifying the first part.
with a certificate of freedom from encumbrances, issued by
the day _________ of _____________
from _____________ which I attest to having it in view and to add to the appendix
from my protocol, with the number of this deed and under the letter and the
second with he receipt of payment corresponding at
______________________of which I also attest to having in view and to add
to the appendix of my protocol, with the number of this writing and under the letter
"B". The parties declare that they wish to enter into a rental contract.
lifetime that formalize according to the following:

CLAUSES

FIRST. The pensioner agrees to transfer the ownership of the


bienes mencionados en el antecedente 1 (uno), incisos ayb, al deudor,
by means of this document and for that purpose, the endorsed invoice is delivered
of said real property in favor of the retiree.

SECOND. The debtor, for his part, agrees with the


obligation that the pensioner has imposed on themselves and, in turn, commits to pay
on the last day of each month, starting from September of this year,
during the life of the pensioner, a income of $ __________________
(_________________________). This rent will be paid at the address of
debtor, ________________________.

THIRD. The contracting parties state that they agree to pay, for
half, the costs of writing and registering this contract.

FOURTH. In the event of the death of the 'debtor', their heirs will continue to pay.

the rent to the 'pensioner' until his death.

FIFTH. The debtor waives the warranty in case it is presented


eviction of the assets subject to this contract, as well as any action
that may have if there are hidden defects or flaws regarding the mentioned
goods.

I, the notary, certify:

I. Of the truth of the act.


II. I personally know the participants to whom
I consider myself with the necessary civil capacities to grant the
life annuity contract that is mentioned.
III. That in my presence the retiree delivered the invoice letter of the
automobile referenced in antecedent one section a
duly endorsed in favor of the debtor;
IV. That the requirements specified in Article 106 were met.
of the current code for the state of Morelos
V. What comes to the parties of the obligations they have to register
the first testimony of this writing, in the Public Registry of the
Property and Commerce in the First Head of the state with
headquarters in this municipality.

VI. From what I read to them by my notary this writing to the


grantors, making known the right they have to read for themselves
the same and explaining to them the scope and legal effects of it,
they ratify and sign between me,

I give Faith.

Company Company

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