[RPPTL LandTen] Security Deposits on Condo Rentals
Charles Levin
levin at landlordlaw.com
Thu Apr 21 08:18:00 PDT 2011
Good morning! I am wondering what you all think about the enforceability by
the tenant of the following clause found in a lease. (I represent the
landlord.)
35. TENANT'S OPTION TO PURCHASE. Landlord agrees to sell Tenant the Premises
for the
total amount of $2,000,000. The option must be exercised within the initial
five-year term of
the Lease. This option is in no way restrictive or to be considered as a
right of first refusal,
contract or binding agreement keeping the Landlord from selling said
property to anyone else at
any time during the lease term, for any amount.
Thank you,
Charles J. Levin
Attorney at Law
Post Office Box 342727
Tampa, FL 33694
Telephone 813-963-5135
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