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The land was leased for 25 years, with option to renew lease after 25 years. Because of typo error, there is confusion as to who has the right of renewal, Lessor or Leasee. Now the land lord wants use his option and refusing renewing of the lease.

2007-03-25 07:13:59 · 1 answers · asked by autumn 1 in Business & Finance Renting & Real Estate

1 answers

If the land lord wins the battle, he will be able to take over the building.

It will most likely have to go to court to settle the typo dispute.

2007-03-25 14:21:25 · answer #1 · answered by Santa Barbara 7 · 0 0

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