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Real Estate/Development

Sep. 2, 1999

Elective procedures

By Paul S. Rutter and Duane M. Montgomery Whether contemplating an office lease or a purchase-and-sale contract, those real estate professionals responsible for clients' transactions will often have them consider some form of future option affecting their rights and obligations.

By Paul S. Rutter and Duane M. Montgomery

Whether contemplating an office lease or a purchase-and-sale contract, those real estate professionals responsible for clients' transactions will often have them consider some form of future option affecting their rights and obligations.
In office and retail leasing, the tenant often wants future expansion rights or the right to purchase the property. In purchase-and-sale agreements, the buyer may insist on the future rig...

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