What are the disadventages of a holding company?

Answer 1

My organization is currently the Holding Company of four buildings, our tenant is claiming ownership of the buildings because they claim they have been paying the so call mortgage though lease payments. Each lease agreement was signed by both parties, and the tenant agreed to pay the lease amounts and make improvements as needed.

The tenant now says that the prior leadership of my organization made statements that my organization was merely a "Holding Company" and that the building would transferred to the tenant.

I the prior leadership of my organization did not leave any written document stating the buildings would at one time or another the building would be simply turned over to the tenant. I just their word, against ours, yes, they have file a law suit against my organization.

My organization has all the property Titles, and warranty Deeds to support ownership. Can the tenant claim the buildings based on a hear say from a prior director?

Thank you..