General Landlording & Rental Properties
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 8 years ago, 02/15/2017
Lease Assignment-Mom & Pop to National Tenant
I'm the owner of a 3000 sq. ft. property in Long Island City, Queens. The current tenant is looking to sell the business and assign the lease. The areas has experienced significant residential and commercial development of the past decade and I would like to attract a national tenant to the space. My question is how can this be accomplished? Who a national tenant assume the existing tenants lease or is there some other arrangement that would work? Thanks in advance for the assistance. Thanks. Peter.