Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

117
Posts
26
Votes
Khaled Seirafi
  • Investor
  • Tysons, VA
26
Votes |
117
Posts

Release of Commercial Tenant California

Khaled Seirafi
  • Investor
  • Tysons, VA
Posted

Hi all,

I have a commercial tenant who's been leasing a space in our building (in CA) for his deli/liquor store for 25 years. Over the past 5 years, we've renewed, updated, and remodeled the building to attract better quality tenants (we have 5 residential units upstairs and another commercial unit). The deli/liquor store lease is up in September 2018 and we don't want to renew their lease, nor do we want to allow the tenants to sell the business to someone else. 

I haven't notified them of our intent yet, but will be doing so soon. What's the best plan of action to take to ensure that all goes smoothly? And how long before the expiration of the lease should I notify them? 

Thanks!