Updated almost 10 years ago on . Most recent reply
Commercial Lease
Hi there. We are buying our first commercial building from the seller who wants an 8 year lease back from us. She is selling the building to pay off her debts and so she doesn't have anything to which she can use for a personal guarantee. She doesn't own a home or have a nice car. She just has the building that houses the restaurant. How can I best ensure that I can get something if her business goes bad but I still have an 8 year lease in my hand? Also does anybody have a fairly simply commercial lease they would be willing to share? One side is a restaurant and the other side is a computer repair company.
Thanks for your help! I love BiggerPockets!
-Patti Royster