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Home » Get 9 Protections When Agreeing to Take Over a New Tenant’s Lease
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Feature
CLLI 0225.jpg

Get 9 Protections When Agreeing to Take Over a New Tenant’s Lease

Don’t get saddled with unforeseen additional costs.

Jan 31, 2025
Glenn S. Demby
Feature

What do you do when a desirable tenant that you badly want is currently stuck in a lease at another location? One possibility is to enter into a takeover arrangement under which you pay the tenant’s monthly obligations under the existing lease through the end of its term. But while this frees up the tenant to move into your property, it may also expose you to unforeseen risks and liabilities.

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