Question about lease-option termination Georgia

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Real Estate law

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ilikelookingathouses is in Georgia, US

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I had a client (seller) sign a lease with option to buy in 1996 to an individual. This lease term expired after 5 years with the option to renew 2 times or purchase the property. The tenant moved out of the property at the 5 year mark and chose not to renew or buy.

So fast forward to 2022. Client is trying to sell the property. And this old lease option has created a hang up in the title work.

Would this lease not have expired 11 years ago when the tenants last renewal period expired? What would keep this lease from being dormant/expired/dead etc?

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ilikelookingathouses

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Georgia, US

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Posted: 2 years ago
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