Lenny Laskowski is an international professional speaker and the author of the book, 10 Days to More Confident Public Speaking and several other publications. Lenny's products can be purchased "on-line" from this website at: http:/// . Lenny is also available for hire to speak to your organization, college or association. Lenny also provides in-house seminars and workshops. Why not contact Lenny today for your next function or event. You can reach Lenny at 1-860-559-0202 or E-mail him at: [email protected]
Once due diligence and loan approval has been completed it is typical for the broker to initiate the lease assignment request. A buyer will have to apply with the landlord and be approved as a tenant for the lease assignment or new lease if available. Most practice sales use an assignment of existing lease to prevent any increases in rent to the new owner of the practice which could occur by the negotiation of a new lease. Buyers will need to obtain a lease that is equivalent to the term of their practice acquisition loan. When the lease assignment is initiated, additional lease renewal options can be requested, if needed.