Below are the current general policies. Please refer to your lease and loan documents for specific provisions. The terms retiree and retirement on this site refer only to Official Retirement as defined by Stanford University at http://benefitsu.stanford.edu/retiree/when.html.

Homeowners with a Standard Ground Lease

When an Eligible Person Retires

  • Faculty and staff who own a home on a standard ground leasehold at the time of their retirement in an eligible position may continue their ground lease until their death.
  • The Eligible Person must continue to maintain the leasehold home as their primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold within two years.

When an Eligible Person Dies

  • If an Eligible Person dies and leaves a Surviving Spouse or Partner, the Surviving Spouse or Partner who is acknowledged in the lease may become the Eligible Person based on the terms and conditions of the Eligible Person's lease.  The Surviving Spouse or Partner may continue the campus lease as the new Eligible Person until their death.
  • The Surviving Spouse or Partner must continue to maintain the leasehold home as their primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold within two years.

When a Retiree Sells a Standard Leasehold Home

  • Eligibility to purchase homes on a standard lease is limited to (1) active faculty who meet the eligibility requirements and (2) retirees who own a leasehold residence and wish to down-size to a condominium at Pearce Mitchell or Peter Coutts.

When a Retiree Lives Off-Campus

  • A retiree who lives off-campus may not purchase a leasehold home, regardless of whether or not the retiree has ever owned a leasehold residence.

Homeowners with a Restricted Ground Lease

When an Eligible Person Retires

  • Faculty and staff who own a restricted leasehold home at the time of their retirement in an eligible position may continue their lease for a maximum of ten years beyond their retirement date.
  • The Eligible Person must continue to maintain the restricted leasehold home as their primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold back to Stanford University within one year.

When an Eligible Person Dies

  • If an Eligible Person dies and leaves a Surviving Spouse or Partner, the Surviving Spouse or Partner may become the Eligible Person based on the terms and conditions of the Eligible Person's lease. Occupancy after death is limited to a maximum of ten years.
  • The Surviving Spouse or Partner must continue to maintain the restricted leasehold home as their primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold back to Stanford University within one year.

When a Retiree Sells a Restricted Lease Home

  • All homes on a restricted ground lease must be sold back to Stanford University.  Please contact us to initiate the buy-back process.

Stanford Loans & Housing Allowances

When an Eligible Person Retires

  • Certain Stanford loans are due upon retirement. Please refer to the Promissory Note for due date provisions.
  • The MAP loan can be retained after retirement.
  • The DIP and DIP-T loans are technically due upon retirement; however, borrowers have the option to amend their loans to a DIP-R at retirement. More info can be found on page 9 of the DIP Brochure.
  • The RIP, ZIP, CE-DIP, CE-RIP, CE-ZIP, CE-ZIG, and any other type of loans are all due upon retirement.
  • The HAP, HAP II, CE-HAS, & CE-HASG housing allowances terminate upon retirement.
  • No new assistance programs, including loans & housing allowances, are available to retirees.

When an Eligible Person Dies

  • All loans except for the MAP loan are due upon the Eligible Person's death. Please refer to the Promissory Note for due date provisions.
  • All housing allowances terminate upon the Eligible Person's death.

Please contact Faculty Staff Housing if you have any questions about your lease or loan provisions.