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Are you saying they can't evict the office tenants in order to convert the building? I'm sure any transition from office -> condos will be long, messy, and expe
by FredPret 2y ago
Are you saying they can't evict the office tenants in order to convert the building? I'm sure any transition from office -> condos will be long, messy, and expensive. Still better than dead, empty cities though.
- swozey 2y agoIIRC (it's been awhile) most office leases are for 5 years, or maybe 3.. I forget. Not sure if they'd have any stipulations to allow evictions in an instance like this.
- FredPret 2y agoI would imagine if office buildings offered tenants a get-out-of-your-lease-free card, they'd jump on it. Office leases are not cheap, and go on for years (last one I dealt with was 7!). And if the office is empty...