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grandzu t1_ixnb43p wrote

Reply to comment by azdak in Times Square Margaritaville left synagogue ‘homeless,’ suit says - Jewish Telegraphic Agency by ShinyGodzilla

How can a lease dictate what future owners can do?

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Phaedrusnyc t1_ixo2d3x wrote

Most, if not all, leases dictate what future owners can do. A lease is a legal contract between two parties, one party can't just unilaterally nullify it, even by selling. If I were to buy an apartment building tomorrow I would be inheriting the former owner's lease agreements and would either have to abide by them or buy the other parties out (or mutually agree to new terms). It's no different in a commercial sphere.

Do you seriously think a person can just get out of a contract by selling a property? That would basically just open the door to any landlord being able to nullify leases by selling to another shell company they had an interest in. It makes a mockery of the whole concept of a legally binding agreement.

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grandzu t1_ixo9rsq wrote

Ownership outlasts leases. Leases expire, so how can they claim power over whoever might be the owner after the lease expires?

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Phaedrusnyc t1_ixoa3ab wrote

They can't. The lease hasn't expired. Did you read the article?

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grandzu t1_ixoms5s wrote

Did you read the part that said
"The lease agreement said that if the landlord of the property were to demolish it, it would need to include space for the synagogue in any new project that is built in its place".
So eventually 99 years will pass, lease is over, owner should do what they want.

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Phaedrusnyc t1_ixpkkx9 wrote

And did you read the part that says "...Gamal purchased the building for $61.5 million and inherited the synagogue’s lease agreement."? 99 years has not passed. What part of this is failing to get through to you?

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