Hello,
I am looking at potentially our first comm purchase. It is a small retail place with 3 shops and has an acceptable yield.
The main problem as I see it is all the tenants are on monthly (non-fixed term) leases. This makes life difficult with finance.
The agent has asked the vendor to enter into fixed term leases but this is taking some time.
Should I try to influence the terms of the new leases even though at this stage I am only a potential buyer?
SYD
I am looking at potentially our first comm purchase. It is a small retail place with 3 shops and has an acceptable yield.
The main problem as I see it is all the tenants are on monthly (non-fixed term) leases. This makes life difficult with finance.
The agent has asked the vendor to enter into fixed term leases but this is taking some time.
Should I try to influence the terms of the new leases even though at this stage I am only a potential buyer?
SYD