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Updated 28 days ago,

User Stats

36
Posts
10
Votes
Laura Casner
Pro Member
  • New to Real Estate
  • Knoxville, TN
10
Votes |
36
Posts

Commercial Retail - common practice for tennant inspections on a NNN lease

Laura Casner
Pro Member
  • New to Real Estate
  • Knoxville, TN
Posted

Hi, I'm an investor in residential but am currently looking for a retail location to expand our coffee shop and have an accepted LOI and have begun lease negotiation. We were told by our agent that there isn't really an inspection period when signing a lease like there is for purchasing real estate. It is a NNN lease so we would be responsible for all repairs and maintenance of plumbing, electrical, HVAC.

What is common?  How many landlord allow time in lease negotiation for an inspection? Particularly in a hot market?

  • Laura Casner
  • Loading replies...