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c. Member(s) of the Lessee’s household, including a domestic partner, who resided <br />upon the Leased Premises for at least one year prior to the Lessee’s death. <br /> <br />Any other successor to Lessee’s leasehold estate must qualify as a Qualified Buyer. If the <br />successor does NOT qualify as a Qualified Buyer, he/she will not be entitled to possession of the <br />Leased Premises and t must transfer his/her interest in the Leased Premises in accordance with <br />the provisions hereof. <br /> 10.4 LESSEE’S NOTICE OF INTENT TO SELL: Lessee will notify Lessor in writing of <br />his/her desire to sell his/her interest in the Leased Premises. <br /> <br /> Upon receiving Lessee’s Intent to Sell Notice, Lessor will have 5 business days in <br />which to make available to Lessee a list of approved home inspectors who may perform the <br />Professional Inspection required by section 10.5 of this lease. <br /> <br /> 10.5 PROFESSIONAL INSPECTION: Lessee will commission an inspection of the <br />Leased Premises (the Professional Inspection) by a home inspector acceptable to Lessor. Lessor <br />will pay for the Professional Inspection. <br /> 10.6 REPAIR REQUIREMENTS: Within 5 business days after Lessor receives the report <br />from the Professional Inspection, Lessor will contact Lessee to schedule a Lessor’s inspection of <br />the Leased Premises (Lessor’s Inspection). Within 5 business days of Lessor’s Inspection, <br />Lessor will make available to Lessee a list of repair requirements which must be met by Lessee <br />(the Repair Requirements). Lessee will be expected to bear 100% of the costs of the Repair <br />Requirements. In preparing this list, Lessor will reference the standards described in Exhibit I: <br />REPAIR REQUIREMENTS. <br /> <br /> 10.7 APPRAISAL: At its discretion, Lessor may also commission an appraisal (the <br />Appraisal) of the Property within 5 business days after receiving the report from the Professional <br />Inspection. Lessor will pay for the Appraisal. The Appraisal will be performed by a licensed <br />appraiser acceptable to Lessor and Lessee. The Appraisal will state the market value of the <br />Property, rather than the leasehold value. Copies of the Appraisal are to be provided to both <br />Lessor and Lessee <br /> 10.8 REPAIR INSPECTION: After Lessee has completed the Repair Requirements, he <br />or she will contact Lessor to schedule an inspection of the completed upfits and repairs. Lessor <br />will certify when the Repair Requirements have been completed to Lessor’s satisfaction. <br /> <br /> 10.9 LESSOR’S PURCHASE OPTION: <br /> a. Voluntary Sale: Within (five) 5 business days of certifying Lessee’s completion of the <br />Repair Requirements, Lessor will prepare its standard “Resale Agreement” document and notify <br />Lessee that it is available to sign. When Lessee signs and returns the Resale Agreement, Lessor <br />will have the option to purchase Lessee’s interest in the Leased Premises (“the Purchase <br />Option”) at the Resale Formula Price calculated as set forth below. <br /> The Purchase Option is designed to further the purpose of preserving the affordability of <br />the Leasehold Estate for succeeding Qualified Buyers while taking fair account of the investment <br />by the Lessee. <br />DocuSign Envelope ID: 1C608BEC-B713-4BE4-9E53-CD92D598627F