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The lease states: “if the property is sold during the term of the lease the lease shall terminate and the lessee shall be entitled to the sum of $5000 per year for all years remaining on the lease as liquidated damages.”
If I buy the property before the lease is over does the trust owe... View More
answered on Mar 7, 2021
The language of the trust seems strange. It penalizes the lessee for lessor's actions, creating an ostensibly absurd result. I agree with the other lawyers. The trust documents need to be reviewed in their entirety in order to make sense.
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