Updated over 3 years ago on . Most recent reply
Purpose of a Landlord Waiver?
Last week I made an offer on a commericial office building with one tenant, a dentist, which was accepted. We are in escrow. The lease agreement with the seller/dentist has a Landlord Waiver attached to it. I am not familar with such a Waiver. It appears it will continue to be in effect once I become the new Landlord.
What is the real purpose of a Landlord Waiver? Is it to benefit the lender more than the owner/landlord? TIA