Chapter 3 - THE FIVE-YEAR AGREEMENT

Claire did not want her parents feeling like tenants.
So Grace Bennett, already her attorney and friend, drafted a simple family agreement.
It said Richard and Evelyn could remain for five years.
After that:
renew,
buy Claire out,
or relocate.
Three rules mattered.
No new liens against the property.
No long-term occupancy by other adults without Claire’s written approval.
No representing themselves as owners in financing documents.
Evelyn laughed when she signed.
“Claire, we’re family.”
Claire answered:
“That’s why I want it clear.”
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For four years, nothing dramatic happened.
Then Tyler’s business failed.