Laundromat Resource › Forums › Laundromats › Contingency Verbiage
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August 3, 2021 at 4:02 pm #6543
In the process of purchasing 2 mats
We are approaching escrow, and the Brokers same company on both mats are avoiding putting in terms of escrow
Contingent Upon/Subject to a mutually agreed upon leaseI ask this for 2 reasons
1. It leaves open the possibility to negotiate lease terms/fine points to help benefit me in reselling
2. It doesn’t just lock in the negotiation of term extensionsAny clue why this is such a hassle
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September 5, 2021 at 8:07 pm #6811
Did you find a resolution to this? I’m looking to put in contract myself and I’m right where you are.
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September 12, 2021 at 6:33 pm #6851
Commercial landlords can be difficult. I personally don’t even want to lease space anymore.
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October 10, 2021 at 9:40 pm #7119
We just closed escrow and get the keys Tuesday morning
We got some of the verbiage we wanted not all
Some the verbiage we requested will be used by the Escrow company in the future to offer the buyer more protections
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Laundromat Resource › Forums › Laundromats › Contingency Verbiage
