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