[RPPTL LandTen] Question Needing Guidance

[lesstevens]

I have a Lease which provides that if the Tenant vacates within the first 10
years of the Lease it will re-pay to the Landlord the unamortized Tenant
Improvements.

 

The Tenant is selling its assets and assigning the Lease with Landlord's
approval.

 

Based upon these limited fact.is the assignment of the Lease a "vacating" by
the Tenant which would trigger the re-payment obligation?

 

Thanx for any input.

 

 

Les H. Stevens, Esquire

Les H. Stevens, P.A.

5301 North Federal Highway

Suite 130

Boca Raton, Florida 33487

Tel. - (561) 989-9797

Fax - (561) 989-8484

E-Mail - lesstevens at earthlink.net

 

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