When a building is bought by a new owner, the "lease" that was already in place must be "honored" by the new owner.
These are questions that the above text answers:
1. What is the requirement for a new building owner when it comes to an existing lease agreement?
2. What does it mean to "honor" a lease agreement?
3. What happens to a lease agreement when a building is bought by a new owner?
4. What is the significance of a lease agreement in the context of a building sale?
5. What is the responsibility of a new building owner regarding an existing lease?
6. How does a new building owner ensure a smooth transition with regards to a lease agreement?
7. What is the role of a lease agreement when a building changes ownership?
8. What obligations does a new building owner have towards tenants with existing leases?
9. How does the concept of honoring a lease agreement impact the relationship between a new building owner and tenants?