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Puerto Rico Energy, Oil and Gas Questions & Answers
1 Answer | Asked in Contracts and Energy, Oil and Gas for Puerto Rico on
Q: If I sign a lease agreement in Puerto Rico for reusable energy for 25 years and I die does the lease agreement stops?

I want to know if my family are obligated to continue paying my lease agreement if I die in Puerto Rico. Property is not involved. Energy service.

Rafael  Pagan-Colon
Rafael Pagan-Colon
answered on Aug 15, 2022

As a general rule, when a person dies, his/her estate is made up of that person's assets and outstanding obligations (liabilities). As contracts go, usually, the death of one of the subscribing parties terminates the contract. Nevertheless, the lease contract should be revised to determine... View More

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