In 1989, the designers reviewed the most current projections in climate modeling and decided to raise the entire plant about 1.9 feet higher to accommodate potential sea level change for at least the first 50 or 60 years of the facilityâs service.
As landlords and tenants go about the process of negotiating a lease, each of the parties MUST strive to incorporate lease language that will protect them should the other party suddenly exhibit a lack of integrity or the relationship is affected by outside events, such as a fire or other natural disaster.
With a lease option, there are only a couple of required elements, and everything else is negotiable between the individual tenant/buyer and landlord/seller. The way it works is that the tenant leases the home from the landlord. The lease agreement sets up a certain rental rate, and a certain lease term. The agreement also expressly gives the tenant the right, or option, to purchase the property on or after a certain date, at a certain price.