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by a searcher from University of California, Los Angeles - UCLA Anderson School of Management
in Santa Monica, CA, USA

1mo ago

Landlords

For companies with leases that are critical how have you worked with landlords and property managers for whom your business is an afterthought. I have had issues getting landlords to even consider amending leases.

5 Likes

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reply by a searcher 2w ago
from Harvard University in Salt Lake City, UT, USA

@redacted‌ does the current lease make it where you can't do the deal? Most of the time the lease will allow you to assume the current lease. Just step into and figure everything out during the renewal time.

reply by a searcher 2w ago
from Duke University in Boston, MA, USA

I acquired a multi-location service business and working through the existing leases was such a challenge. My SBA lender had a ton of feedback on my leases, and as my business is just a small percentage of REIT's portfolio, they did not care to negotiate much with us. This really drove up deal costs and delayed my deal. Happy to chat further if this is part of what you're experiencing.