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Warning: a 3 week delay on one simple lease clause almost killed my first retail deal
The landlord's lawyer sat on a co-tenancy clause for 3 weeks over a wording fight about anchor store hours, and I lost a tenant who needed to open by the holiday season. Cost me $18,000 in lost rent and taught me to get the landlord's attorney on a call before I even send a letter of intent. Anyone else get burned by a landlord who treats a basic clause like a hostage negotiation?
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grant_ross279d ago
Tbh I heard a broker on a podcast say co-tenancy fights are the number one killer of retail deals and most people don't vet that clause until it's too late. Sounds like you learned the hard way what he meant.
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