A lessee is someone who rents or leases property. In a real estate document, lessees were notified in early 2025 that their leases would be terminated due to a natural disaster, with rebuild plans still uncertain. The buyer must do their own due diligence on feasibility.
Did he misspell that or is that a real estate word? Which one? Lessee. Lessees. Leases. Leases. What does that mean? People who are leasing. Renting. Oh, okay. I've never seen it like that. Lessees were notified in early 2025 that their lease would be terminated due to the natural disaster and that any rebuild plans were uncertain. The preliminary title report is the best available summary of easements and exceptions on file. No yield study or best use analysis has been prepared. Feasibility for any end product is intended to be within the buyer's due diligence scope, given the complexity of the site.
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