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QUESTION ABOUT A LEASE ON A DEED

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QUESTION ABOUT A LEASE ON A DEED

Postby shellsnyc » Sun May 27, 2018 9:44 pm

Hi Everyone

I had a question about a lease that is referenced on our building's deed. It states that in 1969 it was "subject to the lease of the second floor loft."
As I've seen on other deeds when they refer to leases most have expiration dates, this one however does not. I am wondering if this is some sort of provision that the landlord must adhere to (ie a lease of the second floor loft) or that he should have continued to do so since 1969? Or do leases on deeds not really mean much.
Also this is a Bargain and Sale Deed.
Thanks so much everyone!
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Re: QUESTION ABOUT A LEASE ON A DEED

Postby TenantNet » Sun May 27, 2018 10:37 pm

Really have no idea what this means. You don't provide enough information to even get a clue what this is about. Does it mean a sale is conditional on something to do with a pre-existing lease? Do you have the lease? That might explain things.

Could it be something like this? https://en.wikipedia.org/wiki/Life_estate
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