Seller-Owned Real Estate Inspection / Diligence?
Hi all! We’re evaluating the purchase of a business where the Seller owns the real estate. The Seller wants to lease the property back to us under a triple-net (NNN) lease. For those who’ve been in this situation: - How did you diligence the real estate? (Did you get an inspection or rely on disclosures?) - What did you do if you discovered deferred maintenance or repair needs? - How did you negotiate who pays for what going forward under the NNN structure? Would really appreciate hearing how others approached this, especially any lessons learned or things you wish you’d done differently. Thanks in advance!