The Provided Housing Risk

Provided housing, the risk that if overlooked can leave a school with a possible financial risk that could cause it hardship; it could also place those who lived in the provided home in a hardship position with no place to live. Far too often, when provided housing is offered as part of the compensation package, nothing is done to plan for the resulting risk should the employed party pass away.  Provided housing can save the school funds they would otherwise have to pay the employed person.  The school is then put in the position where they must either ask the family and spouse to leave with nothing to replace their home, or to do their best to provide another home for the new employed person's family if an untimely death should occur during the employment period.