by Kendall
(Jacksonville, FL)
I'm a landlord with an American Tower lease that has approx. 13 years remaining on it. August of 2010 I was ready to accept a partnership with Tristar Investors and stupidly, I signed their Letter Agreement (but not the Easement). I disclosed that there was an existing lien on the property.
Fast forward to the beginning of 2011, and my decision that I don't want to sell the lease to them and become their partner for the measley amount they've offered to buy out the current lease for.
February of 2011 I got a voicemail from them asking me to return their call. I ignored it. Now 5 weeks later I have received another voicemail stating that the title company has discovered something they need to discuss with me.
I intend to return their call this time, but I have done nothing on my end to try to get the lien released on the property. Am I going to be in trouble with them, and if I ask the bank to send them a letter stating they will not remove the lien from the property is there anything they can do to force that to happen or take me to court over this?
Comments for Tristar Investors Letter Agreement
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