I work for a corporation that leases part of the land where our store is. The guy that owns the land wants to sell it and is basically trying to force us to buy it. He has went through a local realty company and they are putting up for sale "real estate only" signs. I am thinking about going out and taking them down because it takes away from out business. It could also lead people to believe that we are going out of business. To sum it up... We are a corporation, this is commercial property and the lease won't be up for about a year. Any advice?
2007-10-02 05:57:49 · 5 answers · asked by jerry l 1 in Business & Finance ➔ Renting & Real Estate
There is nothing you can do if you don't own the property other than check your lease and see if there are any provisions that allow you to control the signage on your leased property.
You can always put up signs letting people know you are open for business..
2007-10-02 06:01:53 · answer #1 · answered by Anonymous · 3⤊ 0⤋
You are leasing , Not the owner . . .
So issues regarding posting should be in the lease .
Are the protocols for postings defined there ?
If there is nothing restricting postings , the owners can post as they want to .
If this was not pre-defined , consider it as a notice of what is coming down the turnpike .
He can sell and when the lease is up , the new owner may have his own plans for that location .
Start shopping for new space or consider buying .
In the mean time , post a large sign with your business name saying OPEN for Business .
And in smaller type , Possibly Relocating .
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2007-10-02 06:06:43 · answer #2 · answered by kate 7 · 1⤊ 0⤋
Yes, the Landlord can put a sign in front of your building. However, if he/she is a prudent landlord they should want to maintain good relations with you, the tenant. I would address your concerns with your Landlord. There are a number of other ways commercial realtors can market the property without putting a sign in front of your store. I am a commercial broker and never put a for sale sign up in front of the property. However, you may want to consider purchasing the land if you want to lock in your rental rates for the future and give your store a chance to expand. Good Luck!
2007-10-02 06:51:10 · answer #3 · answered by TulsaGirl 2 · 2⤊ 0⤋
The leases go with the sale but it is a pain that they have taken this stance. I would haul your lease out and see if there is a clause that addresses this possibility. It may actually speak to them selling it and that would give you some clout. Also see the link for future reference.
2007-10-02 06:08:30 · answer #4 · answered by helprhome 5 · 0⤊ 1⤋
Sure he can, just because you lease it does not mean the owner can't sell it.
2007-10-02 06:02:00 · answer #5 · answered by Leo F 4 · 3⤊ 0⤋