Long Term Commercial Contracts and Property Sells

Discussion in 'Lawn Mowing' started by DFW Area Landscaper, Aug 1, 2004.

  1. DFW Area Landscaper

    DFW Area Landscaper LawnSite Silver Member
    from DFW, TX
    Posts: 2,116

    Just wondering how you address this issue in your long term, 12 month minimum commercial contracts.

    Suppose you're 6 months into a 12 month contract to maintain a commercial property and the customer sells the property to another REIT? How do you address something like that in a commercial contract? Does the remaining balance of the contract transfer to the buyer?

    Thanks,
    DFW Area Landscaper
     

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