How lease assignment works when buying an existing restaurant, and what buyers should confirm with the landlord.
What This Article Covers
This SellBusiness resource focuses on restaurant lease assignment . The source content brief identifies the following key areas for this article.
Definition
Landlord consent
Personal guarantees
Renewal terms
Restaurants
Highest search-volume business category.
Related Topics
This information is general in nature. Business purchases, sales, financing, tax, legal and commercial real estate matters can vary by transaction. Professional advice should be obtained where appropriate.