When a Landlord Sells Leased Premises to a Third Party

question 84

True/False

When a landlord sells leased premises to a third party, any existing leases terminate automatically.

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Definitions:

Performance Goals

Targets or objectives set to measure and guide the productivity or output of an individual, group, or organization.

Market Control

The influence of market competition on the behavior of organizations and their members.

Market Competition

The rivalry among companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations.