Legal Question in Real Estate Law in New York

succession

I own a small laundromat, in NYC. I rent the premises, as one of a few storefronts. If the landlord sells the building, do my lease terms continue?


Asked on 5/21/09, 12:11 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Re: succession

Yes. The new owner assumes the obligations in the lease with the prior landlord.

Mike.

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Answered on 5/21/09, 1:37 pm


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