Buying property that with gas company lease

[Jesse Edwards]

I'm currently putting an offer on a property that has a Columbia gas regulator on it. It has been in place since 1950s and has been renewed for 10 years with the current owner. Upon buying does the lease stay in tact as-is with me becoming the beneficiary? Does a new lease get created? If a new lease is created given this has been in existence for so long is there an opportunity to change (increase) the terms of the lease?

Thanks in advance!

Jesse