Other leases and interests
Some interests do not fit a category. We would still like to hear about them.
What we look for
The category matters less than the agreement behind it.
We read the document first. If it produces income and has term remaining, we can usually tell you quickly whether an offer makes sense.
A long-term agreement
A lease, an easement, a license, or a similar arrangement that runs for years and obliges a counterparty to pay you for the use of your property.
Income on record
Rent or other payments that can be traced through the agreement and your records, because that is what the offer rests on.
A property you continue to use
In most cases the transaction covers only the area and the rights the agreement describes, and the rest of the property stays as it is.
Process
The process is the same whatever the interest.
An unusual interest changes what we read, not how the transaction runs.
Introduction
You tell us about the property and share a copy of the lease. We confirm whether the site is one we would acquire.
Offer
We prepare a written offer, based primarily on the lease terms, how much term remains, and the rent currently being paid, then go through it with you line by line.
Diligence
We review the lease and the title. The terms you accepted do not change between the offer and the closing table.
Closing and funding
As a matter of practice, closings are conducted through a title company, which handles the documents and the funds. You are paid in immediately available funds when the transaction closes, and we cover the closing costs.
Tell us what you hold. We will tell you whether we would acquire it.
Send the location and whatever documents you have. A short description is enough to begin.