UPDATE: In actuality, I utilized a bank with a 6-month seasoning period and closed on the refi within 7 months of the original closing date.

It was built in 1952, roof is approx 15 years old, 3 older AC units, 2 older Hot Water heaters, 4 Gas furnaces appear to have 20+ years on them, electric is all up to date, appliances seem almost new.Owner has owned the property for 11 years and wants to completely get out of real estate (its his only property).

The seller said that the work for the job is lined up with the water company but keeps getting postponed and doesn't have any scheduled date."

@Jay HinrichsYour view on Canadian society is a bit of a dated cliché.

here is part of the proposal:STORE SIZE & LOCATION:The demised premises will consist of approximately 2,000 square feet.Said premises to be located in the Shopping Center as shown on the attached site plan.LEASE COMMENCEMENT:Upon mutual lease execution and Landlord’s delivery of the demised premises.TERM:The Term of the lease shall consist of a period of ten (10) years commencing one hundred twenty (120) days from the date Landlord notifies Tenant that the premises are ready for possession or upon opening for business, whichever date shall first occur.RENTAL: Tenant shall pay Rental during the first year of the primary lease term an amount equal to $31.00 per square foot on a triple net basis.Tenant’s annual rent shall escalate at the rate of three percent (3%) per year.Said Rental will be payable in equal monthly installments.OPTION TO RENEW:Tenant shall have one (1) five (5) year option to renew this lease.The Rental in the first year of the option period will be three percent (3%) greater than the rent in year ten (10) of the primary lease term.Annual Rental shall escalate at the rate of three percent (3%) per year.PROPOSED USE:A first-class frozen soft-serve yogurt operation similar to other Frozen Yogurt locations and for no other purpose (to be further defined in lease).ADDITIONAL CHARGES:REAL ESTATE TAXES:Tenant shall be required to pay its pro rata share of real estate taxes and assessments on the land and improvements on the shopping center site, estimated to be $1.25 psf.INSURANCE:Tenant shall be required to pay for its pro rata share of fire and extended coverage insurance on the building, estimated to be $0.29psf.COMMON AREA MAINTENANCE:Tenant shall be required to pay for it’s pro rata share of Common Area Maintenance costs, estimated to be $2.44 psf.LIABILITY INSURANCE: Tenant shall provide liability insurance in keeping with the requirements of the Landlord and/or Landlord's mortgagee.STORE FINISHES:Landlord will deliver the demised premises to the Tenant with RTU’s in good and working order but otherwise in “As-Is” condition.All improvements will be at Tenant’s sole cost and expense.SIGNAGE:Tenant may use its logo and colors for said Signage on the fascia of the said premises as long as it is subject to the Landlord’s sign criteria and governmental agencies governing the project.SECURITY DEPOSIT:A Security Deposit equal to $2,500 is due upon execution of this Letter of Intent.

please keep me up to date for the next meeting, maybe in May I would love to attend.

Taxes are up to date.

Also, I hope you have a copy of each check submitted, proof of dates and written notifications sent.

FYI: This is a Wells Fargo foreclosure he said they were accepting owner occupied now and next Wednesday they would accept investor bids so I wanted to move quick.Timeline of events:Friday: 5pm put in offer at list price as owner occupied, he said I might hear something that evening.Monday: I called him at the end of day because I had not heard anything, he said let me check the website,The bank asked for highest and best offer since there was another offer, so I raised my offer a bit.Tuesday: He called me and said the bank had accepted my offer as the highest and best offer but the closing date had to be within 45 days, he said no big deal, you got it i'll resubmit with a new closing date(this was never discussed not sure why he put the date out so far?)

I will just extend the goal date but I definitely appreciate your ideas!