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Updated over 1 year ago,
Air Conditioning Unit and Triple Net Lease
I am the landlord of a commercial building, occupied by a restaurant that has been there for 25 years.
The new business owners will be purchasing the business from the current owners and will be our new lessee's. They got an inspection that shows the AC unit which is ~30 years old should be replaced.
This is a triple net lease and under utilities the lease states:
"The Lessor shall provide and the Lessee shall pay for all Lessee's utilities and water and sewer use charges."
Beyond this I don't see anything else regarding an AC unit. Does anyone have thoughts either way? Of course will discuss with our lawyer as well, but curious what experienced landlords in triple net situations on BP think.
Thanks.