Legal Question in Real Estate Law in Virginia
If a company is an LLC in Virginia and holds one piece of commercial/rental property(it is currently leased to a restaurant for 15-20 yrs.)can 1 or 2 of the five member LLC partners force the others to sell( this is currently what's being stated by the two who want to sell) the others consider this not to be the optimum time to sell
Asked on 2/25/13, 2:21 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
It depends what the operating agreement says.
Answered on 2/25/13, 5:06 am