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Question concerning multiple year lease

Started by west64th
almost 16 years ago
Posts: 8
Member since: Aug 2009
Discussion about
We are considering entering into a lease in a condo building. The apartment is also on the market for sale. The owner is willing to accept a 1 year lease with an option for a 2nd and even 3rd year. Is the baseline that a potential buyer would be subject to the option years? We obviously can insert a clause saying a sale of the apartment does not void our option years, but I was wondering what the rule is absent an explicit agreement.
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