What happens to my lease if I sell my business?
Category:
Commercial Leasing – Tenants & Owner-Users
The answer depends on the specific lease agreement and the landlord’s requirements. Many commercial leases contain provisions addressing assignment, landlord approval, and the transfer of lease rights when a business is sold.
Understanding these provisions before signing your original lease may provide greater flexibility when it’s time to sell your business.
Thinking about your eventual exit strategy should begin long before you decide to exit.