Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
If the building has to be torn down for some reason, the owners would be compensated for their interests in the property. The owners may also be given the opportunity to stay after the renovation. This is all speculation. Nobody knows what the future would hold. The building may still be there in 74 years afterall there are many buildings that are 100 years old with the structures still intact and only minor improvements made to maintain the buildings.
You are quite Welcome!
Kindly give a positive rating to my post so that I can receive credit for answering your question—so that part of the deposit that you already paid to the site can be transferred to me. You are not charged extra for doing this.
Thank you for your cooperation.