Legal Question in Real Estate Law in Illinois
Incorporated Fishing Club in Illinois has 99-year lease on property with lake and camping. On year 50 of the lease, the owner of the property (a utility company who recently purchased the property from another utility company), sends a letter that they have until October 1, 2011 to vacate the property. In good faith, the fishing club contacted the utility company with a letter to attempt a new agreement or purchase the property. The utility company replied with a letter that the matter is closed and not open for further questions. There are approximately 300 members of this fishing club, some who have had campers or trailers at this lake for 25 or more years. The utility company has done no improvements or maintenance to this property. All improvements (roads, water system, sewage disposal, buildings, pavillions, etc.) have been done by and paid for by the fishing club. Does the fishing club have any recourse or other remedies they may be able to pursue other than just leave the premises?
1 Answer from Attorneys
The lease needs to be read by an attorney to determine whether the successor can evict. Usually, a lease survives a sale, but again, the specifics of that lease need to be read.
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