Talk of The Villages Florida - View Single Post - Athens NY Restaurant Closing Nov. 8
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Old 11-03-2015, 09:13 AM
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Dr Winston O Boogie jr Dr Winston O Boogie jr is offline
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If you own a business and lease the property that the business is one, then you know that the lease will end at some point. Unless there is an automatic renewal in perpetuity clause a business owner knows that there may come a day when the property owner decides to not renew the lease for whatever reason.

Property owners do with their property what is best for them. Is there anything wrong with that?

If you own a home and rent it out on a yearly basis, each year you will probably increase the rent. If the renter decides that the rent is too high, he has the option of moving out.

If someone comes along and offers to buy the property for more than what it is worth, you might choose to sell the property when the lease ends.

What is the problem here? The Villages owns the property and has rented it to this business for a specific period of time. That time is up. The Villages has decided to do something else with the property. That is their business and their right.

The business owner, on the other hand has the option to either close up shop or move their business to another location. That is their business and their right.
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