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Updated almost 5 years ago,

User Stats

324
Posts
68
Votes
Courtney Duong
  • Property Manager
  • Texas
68
Votes |
324
Posts

leasing to TIN (no SSN), and what is average giving in TI?

Courtney Duong
  • Property Manager
  • Texas
Posted

Hi BP,

We have a retail spot available and there is this couple who have been showing serious interest in leasing it for a restaurant.  Here is the dilemma:

2 persons will be on lease.  The husband, and a partner.  It is this partner who has no SSN but she has TIN and willing to provide her tax returns and bank statements.   My question is:  will we have any problems in leasing to them in this situation?

How much in TI to give is the norm?  We are in Houston.  Thinking of giving 40% towards cost of building of kitchen and grease trap but that will be spread over the 5 years term in the form of credit back to each month rent but not sure if this is reasonable or not?  

We are newbies here so and tips/advices are greatly appreciated.

Thanks.

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