Rental Guarrantee such a thing? - Posted by don

Posted by jlaass on March 20, 2006 at 14:17:47:

The guarantee is only good if he pays or has assets you can seize in the event he doesn’t pay. Yes, he could issue leases to the tenants and again the value of them is the same as above.

Jlaass, commercial pm

Rental Guarrantee such a thing? - Posted by don

Posted by don on March 20, 2006 at 11:02:49:

Gents.

Im looking at a property with mixed office / residential.
Owner has all his commecial tenants on month to month tenancy.

Sounds like there are two options to secure income.

  1. Force current owner to issue leases to his tenants before a sale. Is this feasible?

or 2. Have him sign a rental guarantee to satisfy your investment timeline.

Am I way off here?