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Updated about 7 years ago on . Most recent reply

Jordan B.'s profile image
Jordan B.'s profile image
Jordan B.
  • Real Estate Agent
  • from Long Island NY
  • Member since Apr 23, 2017
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User Stats

89
Posts
33
Votes
Jordan B.'s profile image
Jordan B.'s profile image
Jordan B.
  • Real Estate Agent
  • from Long Island NY
  • Member since Apr 23, 2017
Connect
Jordan B.
  • Real Estate Agent
  • Long Island NY
33
Votes |
89
Posts
General Landlording & Rental Properties

What does this mean?

Jordan B.
  • Real Estate Agent
  • Long Island NY
Posted

Hello BP,

Can someone be so kind as to thoroughly explain what this clause means in a fixed term (1 yr) lease I will be inheriting?

"TERMINATION UPON SALE OF PREMISES. 

Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon 30 days' notice to Tenant that the Premises have been sold."

Thank you,

Jordan

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