Ending the Agreement
Unison Process
1 min read


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 – meaning the initial co-investment will be due to Unison even if your property value has decreased since the start of your agreement.

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



After five years, you can choose to Special Terminate, or buy out of, the agreement without selling your home. In this case, 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. So at a minimum, you’ll have to pay the original investment even if your home appraises for less than it was worth at the start of the agreement.



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.



Related posts

What is the current and future state of homeownership? A look at home appreciation and depreciation, the impact of inflation and where homeowners are moving.
Your credit scores are determined by several factors, including payment history and credit utilization. Here are some tips that can help raise your credit score.
Rising temperatures, extreme weather, and rising sea levels can impact your home’s prices. Here are simple tips to help protect you and your family financially.