A tenant built a building on Landlord's property. At the end of the lease, who owns the building

In General Area - Asked by Anu S. - Dec 7, 2016
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Answer(s)

Chris M.
Broker/Agent
Brooklyn, NY

Landlord

Dec 7, 2016
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H J.
Broker/Agent
Lakeshore, CA

landlord

Dec 7, 2016
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sanjeev s.
Owner/Investor
East Hills, NY

Lanlord

Dec 7, 2016
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Joe P.
Broker/Agent
Collegeville, PA

Consult the reversionary clause, or lack thereof, in the lease

Dec 7, 2016
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Anthony C.
Owner/Investor
Minneapolis, MN

If in the original lease the tenant stated they would build a structure on the property with the consent of the landlord then that agreement should have spelled out what happens to structure at end of lease, i.e. tenant demolished structure at their own expense. If tenant does not demolish structure and lease expires, the landlord by possession gets all rights to the structure.
Also if tenant just built the structure and there isn't a written agreement then the structure more than likely violated the lease whether at the end or not and structure is property spoils for Landlord.
This all comes down to whether there was a pre-existing agreement between Tenant and Landlord or NOT.

Dec 8, 2016
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