Quote:
Originally Posted by secondcurve
It all depends on what the lease payments have been for the past 30 years. This information is notably absent. My guess is the payments have been below market. Thus, the marina may still be ahead even if they have to tear down the building in the end.
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I totally understand the lease agreement and have no issue.With my commercial property some tenants do many costly imrovement worth 10's to even $100,000 dollars worth.Those stay with my building.It would be odd to have them pay for that again if they purchased that space but thats how it works.