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Updated 10 months ago,
First Property and have a couple of question
Hello,
I am a bisiness owner of a bar taht is coming to an end lease term. I have decided to purchase the property from the land lord and i would liek to know if the following asks are heard of or used:
1. The purchase of the property is $3,000,000.
2. can I ask my landlord to lease the property for a term 24months after which the property will be acquired if not before? Can I sign lease term and a purchase contract at the same time ?
3. If i can, is it fesable to ask the landlord that lease payment will be paid monthly and the Property purchase amount will be paid within the 24month periode? ( time for me to get a bank loan?)
4. if all this is dandy how do I go about asking him? will this be a lease with purchase to buy or an acquisitions with an initial 2 year lease term.
thank you