Learn what happens when a commercial tenant has the option to purchase the property it is leasing, but the parties cannot agree on the value in Daniel Waldman's latest article, "Commercial tenancies and purchase agreements: How to lose the option to buy," that was published in RENX.

Learn what happens when a commercial tenant has the option to purchase the property it is leasing, but the parties cannot agree on the value in Daniel Waldman's latest article, "Commercial tenancies and purchase agreements: How to lose the option to buy," that was published in RENX. "The short moral of the story is that, given the nature of the lease clause, both sides produced valid appraisals and they were required to buy and sell the property at the midway point.  If a buyer fails to honour that agreement, it will lose the right to purchase," he says. To read more, click here.