Key Takeaways:
- It's important to hire an experienced real estate attorney who understands commercial leases and transactions. Referrals from others in your network can help find the right fit.
- When reviewing a lease, pay close attention to ensuring the tenant is creditworthy, the lease terms actually make it a true triple net lease, and that there are no early termination rights for the tenant.
- Getting an estoppel certificate directly from the tenant is important to verify the status of the lease and rent payments from their perspective.
- Assignment and sublease provisions should ensure the landlord retains control over any future tenants in the space.
https://www.tylercauble.com/podcast/episode184
The Commercial Real Estate Investor Podcast