Tuesday, February 3, 2015

Is a 99 year lease in PA. legal? Can such a lease be challenged on the basis that the lease price of $1 per year is not a fair value for the...

Question

Is a 99 year lease in PA. legal? Can such a lease be challenged on the basis that the lease price of $1 per year is not a fair value for the property being leased and is causing financial hardship on the lessor?



Answer

Ok if it's a hardship on the lessor why did the lessor sign the lease in the first place?

John



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