Quote:
Originally Posted by Lakeboater
I don't really follow the part about LL getting a credit for the building.
From the Laconia Sun: The lease expires on November 1, 2015 and the tenant has no right to extend it further. At the termination of the lease all buildings and improvements on the lot become the property of the city.
To me that would seem that the improvements made (the building) were instead of rent and should belong to the city or the city should gain from the improvements. I wouldn't think that LL would get a credit if they or anyone else buys it.
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I don't disagree... My reasoning is the following LL could have made no improvements to the land, and just used it as a storage yard.... Why make them pay for the building twice, that is all....LL new what they where doing and involved in... so they caused this situation all on their own.... from that regard I have now sympathy for them.... I expect the city to be fair, but do what is best for them city, and allowable in the confines of the laws that govern them..