Ending the Agreement

Ready to bring our partnership to an end? There are four ways in which your Unison agreement can come to a close.

Sell your home

You’re allowed to sell your home, which ends your Unison agreement, at any time. Keep in mind that if you sell your home before the 5-year milestone, Unison does not share in any decline in value.

When your home sells, the amount owed to Unison will be based on the Ending Agreed Value of your home - typically determined by the open market sale price. This does not include any closing costs, seller concessions, taxes, or other expenses incurred while selling the home.

Special Termination

Equity sharing agreements that originated after February 13, 2023 are eligible to Special Terminate at any time.

All agreements that originated prior to this date must adhere to the Special Termination restriction period outlined in their individual agreements. If you are a current Unison homeowner with questions about your specific Special Termination guidelines, please reach out to our Home Partnership Team by calling 800-330-5800. If your agreement was originated after February 13, 2023 and you choose to Special Terminate the agreement without selling your home, we will use a third-party appraisal to establish the Ending Agreed Value.

The process is similar to selling your home, except we will use the appraised value instead of a sale price - since you’re not selling. The main difference with a Special Termination is that Unison does not share in any decrease of value. This means that the Ending Agreed Value for your property will be at least equal to the Original Appraised Property Value, even if your property value has decreased since the start of your agreement. Thus, at a minimum, you’ll have to pay the Initial Payment (together with any amounts attributed to the Risk Adjustment).

After 30 years

If 30 years have passed, and you haven’t otherwise ended the agreement, you’ll have two options for terminating the agreement at the 30-year mark. You can Special Terminate (buy out) or sell your home. Since our interests are aligned in either case, we will always try to work with you to help you receive as much value from your home as possible.

The Last Signatory Passes Away

In the case that everyone on the agreement has passed away, Unison will work with the estate or heirs to conclude the agreement, by either selling the property or paying Unison the value of our interest in the home. It’s important to discuss your Unison agreement with members of your family who may be impacted, as well as anyone living in the house who is not a signatory to the agreement, as they may not be able to remain in the house in the event that the home is sold.

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