Q: Can we purchase a business and take over without getting the lease approval completed from the landlord
Can we purchase a business and take over without getting the lease approval completed from the landlord?
just wondering, because we understand the risk that the landlord may reject us, and then the seller can run away with the money that we payed them. Is there a way to avoid this risk so that we take over immediately, and in the case that the landlord does not approve us we receive the money back.
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A: Well, the first question is ... "what is getting in the way of you acquiring the new lease" ... and the second question is ... "what does the current lease state about subleasing or an assignment of the lease. To get an answer, I would recommend that you schedule at least two video calls or telephone calls with the business development attorneys of your choice ... feel free to reach out.
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