Let’s talk about getting your lease ready before you sell. Many deals slow down because the landlord says no, the lease is unclear, or extra costs pop up at the last minute. If you tidy this up early, buyers move faster and lenders feel better.
Start by gathering the paperwork. Keep a clean copy of the lease and any updates. Make sure you know who the landlord is, how many square feet you rent, what you pay each month, and whether you can extend the lease. Check if the lease allows you to hand it to a new owner and what the rules are. If you personally guaranteed the lease, find out when that ends or how it can be replaced at closing.
Show the true cost to occupy the space. Create a simple one page summary with your base rent, any percentage rent, and the building fees you paid in the last year like shared area costs. Match these numbers to your books so a buyer can see they are real. If you are responsible for upcoming repairs, list what they are and when they are due.
Know the landlord’s approval steps. Ask exactly what they want to see about a buyer. Common items include a short bio, work history, a personal balance sheet, a letter from a bank, and a basic plan for how the business will run. Also ask for the standard one page letter the landlord uses to confirm that the lease terms are current and correct. If a lender needs a landlord agreement, get a copy of the form now so everyone knows what to expect.
When you prepare these items upfront, the process is smoother and faster. Buyers will feel confident about the space, your timeline will be clearer, and you are more likely to reach the finish line without surprises.
