Look for Signs That Owner Is in Financial Trouble
The idea of signing a lease with a financially vulnerable owner may make you nervous. And if you’re already renting from an owner that you suspect is struggling, you may be afraid to renew your lease and stay at a property that could be in danger of being foreclosed upon. But sometimes, a crucial location for your store or office is enough to draw you in. Performing due diligence is one way to protect yourself if you decide to rent from a new owner for the first time, or renew your current lease.