It can be easy to feel overwhelmed by the amount and quality of information you need to consider. The condition of the property s major systems and their remaining lifespan is critical information for buyers and potential leasers.
Any system failure can be detrimental to business operations.
Signing a triple net lease can put you at risk to make substantial repairs to the roofing, heating, air conditioning, and other systems should failures occur during the lease period. The best source of reliable information may not be the same company you select to install the improvements or correct problems. A roofer or HVAC contractor who has been responsible for performing maintenance on the building may not be able to provide you with the objective information you need. Contractors, because they have a financial interest, may be less than completely accurate in their assessments of system conditions. Buyers and potential leasers have unique needs, depending on the nature of their contractual arrangements, anticipated future use, and the type of building being considered.