Hi Everyone
I had a question about a lease that is referenced on our building's deed. It states that in 1969 it was "subject to the lease of the second floor loft."
As I've seen on other deeds when they refer to leases most have expiration dates, this one however does not. I am wondering if this is some sort of provision that the landlord must adhere to (ie a lease of the second floor loft) or that he should have continued to do so since 1969? Or do leases on deeds not really mean much.
Also this is a Bargain and Sale Deed.
Thanks so much everyone!