Laundromat Resource › Forums › Laundromats › Negotiating lease before offer
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May 7, 2021 at 7:27 am #5555
Will a management company for a strip mall negotiate a lease before I put an offer in to owner of mat? I feel the lease negotiation will affect my offer.
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May 24, 2021 at 4:31 pm #5687
I would imagine they would take your negotiation more seriously after you have an offer in. Do you already know what the terms are for your desired laundromat?
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September 5, 2021 at 8:13 pm #6812
The laundromat I’m looking at now has about 3 years left on their lease. Other interested buyers have approached the property owner without having a contract and the property manager would not entertain the interested buyer without having a contract. I’m not sure that’s the norm, but I image so depending on the remaining lease time.
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September 12, 2021 at 6:31 pm #6850
You should always have an accepted offer to purchase with an acceptable lease contingency. So contract is null and void if you don’t get an acceptable lease.
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Laundromat Resource › Forums › Laundromats › Negotiating lease before offer