Setting up a lease agreement

[Paul Byers]

I have a business and own the building where my business is. I want to sell my business outright and then lease the building to them. We want them to buy the business and stay at the building. The building is set up for this specific business and has great signage on a busy street. I would think that the person who bought it would see the value in staying put.

I am reducing the value of the business because I want to sell it quickly, but I want to keep the building occupied and making money on the rents.

How would I structure a deal that keeps them in the building?

How binding are these agreements for person who buys the business?

Thanks