Top-five tips to divest unneeded corporate real estate (Part 4)

March 23, 2017
Written by administrator in category 


4. Have your paperwork in place.

Draft all transaction paperwork and legal agreements prior to marketing – well before any prospect submits an offer including:

  • Corporate approvals of projected sublease or sale
  • Lease/sublease rights and obligations
  • Termination option analysis
  • Expense/CAM pass thru analysis
  • Rent schedule
  • Sublease recovery analysis
  • Upfront costs and fees prior to sublease income and required projected corporate approvals
  • Financial security/LOC analysis
  • Appropriate Landlord communications
  • Environmental evaluations and solutions
  • Completed draft sublease and/or purchase and sale agreements
  • Book value and projected gain/loss
  • ALTA land survey permits
  • Floor plans, roof and building condition reports
  • Mechanical details
  • Review municipal records etc…


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