Yeah, I cannot quite believe the term on that thing. Somewhere between 10 and 20 feels far more reasonable since businesses do need time to work plan around and develop property.
I'm not sure how I feel about auto-reversion as a concept. I can see real problems with it conceptually (creating a deadzone around expiry etc)
He of course leaves out that the term was doubled in 1831, and that renewability became assignable at the turn of the 20th century almost 15 years before Disney was even founded.
Yeah, I cannot quite believe the term on that thing. Somewhere between 10 and 20 feels far more reasonable since businesses do need time to work plan around and develop property.
I'm not sure how I feel about auto-reversion as a concept. I can see real problems with it conceptually (creating a deadzone around expiry etc)