Lease Contingency Question

[Patricia Barnes]

Hello,

I wanted to ask you ask a quick question about a lease. I am the owner of a commercial property. I signed a lease with some investor with a contingency and they have not moved in yet or done any construction, but they have spent some money for planning (architect plans, and doing some due diligence). The lease is contingent on myself approving the financials of the investor. After some dealings with the investor they’ve been unresponsive and flakey (saying they’ll do things and falling short). Since this is a big project we are working on it’s become worrisome for me. The investor has not provided their financials yet, so I have not approved them. I am curious to see, do you think this contingency is enough for me to cut my dealings with this investor? Has anyone had experience with anything of this nature?