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Updated almost 9 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
Patti Royster
  • Investor
  • American Fork, UT
4
Votes |
28
Posts

Commercial Lease

Patti Royster
  • Investor
  • American Fork, UT
Posted

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

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