All Forum Posts by: Vic Reddy

Naveen - Several of my clients use Old Republic, One Guard & Fidelity home warranty. Get quotes & check coverage fine print 

There are new build duplex homes in the last 5-15yrs spread across the neighborhood close to Austin college. Students prefer these newer duplexes. These cash flow well and also sell quickly. 

Student housing near Austin College do well.  There are several duplexes in close vicinity that cash flow. Sherman has been pretty stable rental market, especially close to Austin College.

Yes, this is generous termination clause that I would never agree to :) Lease says 3-month notice and 2-month rent for early termination.  Lease is signed by national tenant and they offer wealth management and financial adviser services.

Hi,

We are evaluating an Office space for sale with an existing tenant in place. Tenant signed a 5-yr lease with one 5-yr option to extend and right now, they are in the first year of lease. Tenant is a national franchise chain and they are doing well nation wide. We want to make sure tenant doesn't break the lease. Right now the lease agreement says they can break the lease with 2-month rent payment.

Generally for retail spaces, we would consider tenants Sales volume, P&L to access the viability of tenant's business. This Office tenant may not be open give these details to us. 

What due diligence can we check with this tenant? Any suggestions?

Thanks