Re: Business Lease

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If he sells before February and the new owner does not want
to honor/renew your lease, then he has to buy out your lease.

If you want to leave before your lease is up then YOU have to
buy out the remainder of the lease.

It's as simple as that.

On 9/29/05, Richard wrote:
> I have been renting a building for 2 years, and my lease is
> up in February. However, my landlord has been talking
> about selling the building and possibly rebuilding in
> another location. In fact, he is already working with a
> realtor and the realtor has already placed for sale signs
> on the property. These actions have made me pretty nervous
> since I will eventually need to find another place for my
> shop. I have been offered a new place that will become
> available October the 1st, but my landlord will not let me
> out of my lease. In addition to uncertainties that this
> situation causes, the signs have caused people to think
> that I知 actually going out of business. Is there anything
> that I can do, or must I simply wait until February and
> hope that I知 able to find a new place? I知 thinking that
> at the very lease, I can require him to let me stay in his
> building until February容ven if he finds a buyer before
> then. That is unless he buys out the lease from me.
> Right? But I truly would rather make the move while I know
> for sure that I have a place to go. Thank you.