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.
During the term of the lease option, the buyer agrees to lease the property from the seller for a predetermined rental amount. The term of the lease option agreement is negotiable, but the common length is generally from one year to three years. The option money generally does not apply toward the down payment.