Like any other real estate transaction, if the Purchaser buys the property that is subject to an existing lease, the Purchaser becomes the new owner of the real estate but must recognize (and abide) by the terms of the existing lease.
Like any other real estate transaction, if the Purchaser buys the property that is subject to an existing lease, the Purchaser becomes the new owner of the real estate but must recognize (and abide) by the terms of the existing lease.