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Commercial Lease Assignment from Tenant to New Tenant Virginia Form

Commercial Lease Assignment from Tenant to New Tenant Virginia Form

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hi this is robert over at capital retail group today's topic is about transferring ownership for a business from one owner to another so we get this a lot especially for smaller shops like a convenience store or dry cleaners the owner of the business wants to sell their business to somebody else but ultimately it has to go through the landlord for approval so i wanted to share with you a couple of things as property managers and leasing agents this request usually when it comes from the business owner they're ready to go they're urgently trying to do this transfer and sometimes they don't realize it does take some time to get that done it takes a credit check and a few other things so let me share with you right now how we go about doing it when we get those requests the first thing i do is let them know that the ownership of the property will need to approve the new tenant and typically we do this uh by doing a credit check and making sure that it&#

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