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Re: ratso1 post# 26002

Monday, 07/11/2011 8:07:06 AM

Monday, July 11, 2011 8:07:06 AM

Post# of 79471
If the landlord were to provide SAVW with free rent for a year as part of a 10 year lease and SAVW subsequently defaulted then the landlord would have to resort back to square one and identify a new tenant, and likely give that tenant another cash free period of rent like majority of commercial leases have. So clearly, the landlord would have something to lose b/c the tenant which occupies its space will have a direct impact on the landlords cash flow.... not to mention that if the facility is not fully owned by the landlord, the mortgaging bank will have some say in the tenant which occupies the commercial space as they technically have a lean on the property until it is fully paid... I think we have a bank and landlord who are both aware of the SAVW prospects and the impact they will have in this market in the short/long term to sustain viability...