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Updated almost 5 years ago,
leasing to TIN (no SSN), and what is average giving in TI?
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.