Hey alL,
I am in negotiations with a laundromat landlord right now over some items in the lease and could use a second opinion.
As the lease stands, it has a clause allowing the laundromat owner to sell the property, requiring all tenants to vacate in 90 days. Apparently all of the renters in the strip mall have signed it. He is claiming that he has no current intent to sell and that this is boiler plate language found in most commercial leases.
Has anyone had experience with this? The landlord’s strip mall was built in the late 60s and a total renovation and or sale seem justifiable at this point.
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