Agent

Purchase-price error threatens sale of self-storage assets

Does mutual mistake allow rescission of lease option?
Published on Jul 13, 2005

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by CareyBot

Lipton-U City LLC desired to acquire three self-storage properties owned by Shurgard Storage Centers, a nationwide owner of such buildings. The parties agreed on a compromise offer of a lease with a purchase option based on a 9.6 percent capitalization ...

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