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View Full Version : ok, so i am leasing my rest. to



502procharger
04-05-2004, 03:22 PM
this guy. besides the basic crap can anyone give me some ideas as to what else should be included in the leaseing of this business to protect myself it this guy does not make it.

NastyOne
04-05-2004, 03:27 PM
I dont understand but your girlfriend has nice tits:D

Outnumbered
04-05-2004, 04:26 PM
I would pay for an attorney review. May save you major headache down the road. You are talking about leasing a restaurant right?
OL

502procharger
04-05-2004, 04:48 PM
Yes a restaurante, oh i deff. am having a attorney re-write it and put it in the right terms but they miss and forget stuff too. i figured maybe someone has had a simmilar experience and could save me some headache

HavasuDreamin'
04-05-2004, 05:27 PM
You need a real estate attorney. A good one shouldn't miss anything.
HD :cool:

C-2
04-05-2004, 05:28 PM
Get him to provide a detailed financial statement, if you can get the lease secured/collateralized. VERIFY the assets being offered as collateral.
PERSONAL GUARANTEE – with consent of spouse if in a community property state.
Aggressive default remedies – Ex Parte receivership if possible
PERSONAL GUARANTEE
Forfeiture of lease upon default or bankruptcy petition.
PERSONAL GUARANTEE
If a sub-lease, make sure your tail isn’t on the line with original lessor if this guy goes b.k.
And I almost forgot…. PERSONAL GUARANTEE.