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After a tour of downtown Oklahoma City, a subcommittee of three NBA owners recommended that the league approve the move. On March 14, Bennett reached a preliminary agreement with Oklahoma City on a 15-year lease of the Ford Center that was finalized by the Oklahoma City Council and the Sonics’ ownership group two weeks later.
A 50-year lease-purchase agreement was executed in September 2008 between Oklahoma County and the Air Force, covering the 3.8 million square foot (353,000 m 2) facility and surrounding acreage. Oklahoma County officials paid $55 million to buy the plant from General Motors, which is now called the Tinker Aerospace Complex.
Spouse. Louise Gaylord Ennis ( m. 1981) Clayton Ike Bennett (born 1959) [1] is an American businessman and chairman of the Professional Basketball Club LLC, the ownership group of the Oklahoma City Thunder, an NBA franchise formerly known as the Seattle SuperSonics. Bennett is the chairman of Oklahoma City-based Dorchester Capital Corporation ...
For example, when an assignment of an oil and gas lease expressly provides that any extension or renewal of the lease is subject to an overriding royalty, a new lease that is substantially similar to the first lease and procured by the assignee during the term of the first lease, is regarded, as a matter of law, as an extension of renewal of ...
Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
Landlord–tenant law governs the rights and responsibilities of leasehold estates, like in an apartment complex. Landlord–tenant law is the field of law that deals with the rights and duties of landlords and tenants. In common law legal systems such as Irish law, landlord–tenant law includes elements of the common law of real property and ...
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