Interpretation of Lease for Model Home - Rent through Term?

[Jill Keller]

Hello,

We bought a model home from a builder. They still had lots to sell so they have been leasing it from us and paying us rent. So we are the Landlord and builder is the Tenant. The lease term was as follows 'from date of Landlord's purchase and shall end at midnight on February 28, 2025, unless sooner terminated as provided in this section. The foregoing notwithstanding Tenant may terminate this Lease effective at any time after February 28, 2024 upon not less than sixty days prior written notice to Landlord."

They are moving out in October 2023 as they have sold the lots and gave us 60 days notice. From my understanding of the lease, they owe us rent until February 2024 even if they hand over the house in October 2023. Is that your understanding as well?

I have a call with them this afternoon so your prompt response will be greatly appreciated. :)