Laundromat Resource › Forums › Laundromats › Is this lease clause typical?

last updated by Jordan Berry 5 years, 5 months ago
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    • November 4, 2020 at 12:49 pm #2423
      Cameron Alder
      Participant

        Hey alL,

        I am in negotiations with a laundromat landlord right now over some items in the lease and could use a second opinion.

        As the lease stands, it has a clause allowing the laundromat owner to sell the property, requiring all tenants to vacate in 90 days. Apparently all of the renters in the strip mall have signed it. He is claiming that he has no current intent to sell and that this is boiler plate language found in most commercial leases.

        Has anyone had experience with this? The landlord’s strip mall was built in the late 60s and a total renovation and or sale seem justifiable at this point.

      • November 9, 2020 at 4:45 pm #2471
        Jordan Berry
        Keymaster

          Hey Cameron, you might be hearing crickets because when you start talking leases, legal stuff gets introduced and that can scare people. I’m not a lawyer, and I definitely recommend you speak to one about this particular issue, but that clause should not be typical and would definitely scare me. Essentially it is saying that at any point in time you can be 90 days from being out of business. The other tenants might be able to move locations easily, but a laundromat is pretty tough to move. I would be wary of that. It’s worth having that conversation with the landlord. And a lawyer. In my opinion.

          Has there been any development since this post?

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      Laundromat Resource › Forums › Laundromats › Is this lease clause typical?