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Updated about 5 years ago, 11/04/2019

User Stats

46
Posts
5
Votes
Michelle R.
  • Investor
  • Brooklyn, NY
5
Votes |
46
Posts

Shopping Center- fire exit signs

Michelle R.
  • Investor
  • Brooklyn, NY
Posted

We have purchased a shopping center with 20+ tenants. They are on NNN leases. The leases do not specify landlord has to handle fire exit batteries, bulbs, etc. The leases actually say the tenant is responsible for keeping the units up to fire code.

I am wondering if this something customary for a landlord to handle, in a NNN shopping center. The tenants are certainly used to the previous landlord taking care of this. However, as it's not a requirement, we were looking to be rid of such responsibilities in order to allocate CAM toward needed repairs for the shopping center, instead of something that could be an operating expense of the tenants.

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