Are you looking for a way out of the rat race, but have no previous experience running a company? If […]
What is a Lease Assignment?
During a resale, a lease can be re-assigned from one franchisee to another to save the time and expense of developing a new lease agreement. This is decided by the landlord and commonly agreed upon by both the franchisor and the franchisee.
In some cases the lessor will require a new lease. Usually this occurs because the original lease has only a short time remaining before expiration. In other cases the lessor might believe a new lease agreement would provide more security or rental income than the prior franchisee provided.
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CycleBar Resale in Hendersonville TN
Great Resale in Top Market. Will Not Last Long!
