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I own a business and rent the building with a 10yr lease. The landlord is selling the building ?


The building I believe will be bought by the fire dept. and demolished. I have only been there for 3 years of the lease. What are my legal options? Do they have to buy me out first? Can I negotiate the offer if they do so?

Please serious answers only - I've put my life into this shop and for someone to take it away is really hurting me.

I'm in NYS

Without seeing the terms and conditions specified in your agreement the most you are going to get here is conjecture.

We dont even know what state you are in. The first thing I would do is become familiar with the contract you signed. See if you can id anything about a "cash at sale" clause. It is very likely that the document will identify your rights.

If not then, I would pay the fee and have a real estate attorney take a look at it and inform you of the next steps.

Personally, I would also go to the county and determine what zoning has changed. It may be possible you can at least slow them up that way.

The serious answer is you need an attorney and no matter what anyone tells you even if 100% correct, you will STILL need an attorney to make it happen.

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