Quote:
Originally Posted by AC2717
so then who else but Lakeport or Irwin would buy it if they have the wait 2 years to do anything with it
value just went even lower in my opinion
either release it to Lakeport, open a leasing war or sell it to them or Irwin on fair market value -what someone is willing to pay for it
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Why should a 2-year notice be given at the end of a 10-year lease? The city and certaintly the tenant knew the expiration date of the lease 10-years ago. Shouldn't the tenant have been planning for the expiration date? If I rent an apartment do I wait untill the lease expires before I start thinking about where I will live in the future? I don't think so. I can see offering it to the exisiting tenant exclusively if they are willing to pay fair market (appraised) value. Otherwise, put the proerty up for auction and get the highest price. Then invest the proceeds in the dump down the street called Weirs Beach.