Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Possible Tenant doesn’t want to tell me business plan
I have a commercial building sitting vacant on a MHP I just purchased. It used to be a laundromat, but has been closed for several years. The rear of the building is a 2 bedroom apartment.
I was contacted today by a gentleman wanting to lease the laundromat building. He did not want to tell me what business he wanted to start, because he didn’t want me taking his idea for myself.
Is this normal in the commercial industry?
How do you protect your building from being used for something you would not approve of, or that would be frowned upon by neighboring businesses?
Do I put something in the lease agreement that states I can back out if I don’t approve of the business?