corporate lease renewals

[Patrick Valencia]

i'm interested in a dunkin, the lease expires in 4 years with 2 options periods to renew.  who can I contact to determine if they are going to renew the lease? I've seen a few go dark on long island.  can I contact corporate?  would the owner/lessee of the dunkin know?   

[Tiffany Colvert]

The lease will stipulate the length of time a tenant must notify if they will renew or not (90-120 days prior to expiration is common, sometimes longer). With 4 years remaining figuring out if they will renew or not may just be a lot of speculation because so much can happen during that time. Rather than basing your decision on the renewal, base it on whether it is a quality piece of real estate with good cash flow today. In terms of them providing financial,s just write that as a requirement in the PSA. The current owner/broker will make sure they get it.