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Tenants scrambled for scarce formal leases, while landlords twisted themselves into knots trying to extract value from their properties without breaking the law.
At the end of the lease term, the tenant is offered right of first refusal to purchase the property at the agreed upon sale price, or walk away and forfeit the deposit. [36] If the tenant is unable or unwilling to exercise the option to buy, the owner is then free to rent or sell the property to another buyer, or to restructure the contract. [3 ...
As is usually stated in the lease purchase contract, the option fee and accrued rent credit are both non-refundable should the tenant/buyer decide to walk at the end of the lease. The tenant/buyer is released from responsibility for the sale, and the landlord/seller is responsible for finding new tenants.
Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.
The tenants were informed that the property is for sale and have been given ample amount of time to relocate. We have also provided them referrals to other independent living options to assist ...
People 2 months ago House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M. The "8-Mile" actress purchased the property in 2003 from Britney ...
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