Mixed Used Building with Laundry Mat on the first floor

[William Hollis]

Hi all,

I have a potential deal with that has a laundry mat on the first floor. While I'm not interested in owning a laundry business I have a few connections who are. I'm just wondering what type of lease is usually signed in this situation keeping in mind there are a couple apartment units upstairs. Also something that I'm very interested in how to handle the water bill in that situation. Any thoughts would appreciated.