Merge Lease For Free

Yes, subject to permission from the local zoning or planning board. This is called a property merger, which is the opposite of a subdivision.

A merger is an agreement that unites two existing companies into one new company.Often, during a merger, companies have a no-shop clause to prevent purchases or mergers by additional companies.

In general, the act of uniting separate things. Specifically - 1. In corporate law, the absorption of one corporation into another. The surviving corporation acquires all the assets and liabilities of the corporation getting absorbed.

Merger occurs where both a leasehold estate in land and the reversionary estate come into the same ownership and are held in the same capacity. The lease is absorbed by the reversionary estate and consequently determined. Merger is to be distinguished from surrender.There is a clear intention to merge the estates.

'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.

Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. For example, in 2015, ketchup maker H.J. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food and beverage firm.

A leasehold merger can occur where a tenant acquires the landlord's interest in the property (known as the reversion) and both interests are held in the same capacity. On merger the lease is absorbed by the reversionary estate and terminated.