ASSIGNMENT OF A LEASE OF BUSINESS FOR SALE IN MALL TAMPA BAY FLORIDA

When you are buying a business for sale in Florida you will need either sign a new lease with the Landlord of the premises the business for sale you are buying is leasing or to assign the existing lease of that business for sale. The landlord wants to have more business owners on the hook so he will prefer assigning the lease unless it has expired or it is about to expire. The assignment is a small document saying that you are assigned all the rights and responsibilities of the original signatory of the lease. So here is an example of what the requirements are in one of the Malls in The heart of Florida.

If you'd like to apply for a lease assignment, I'd need the following. 

1.                   Completed background and credit check applications by new operator (see attached) – please send these first so we can begin processing

2.                   2 years of financials for new company (income statement, balance sheet, tax return)

3.                   Assignee’s bank statements (3 months)

4.                   (2) months security deposit  - you already have one so we'll need an additional 1 month.

5.                   $2,500 assignment fee

6.                   Formal request in writing - name of the new company, and any relevant information on history

Please let me know if you have any questions.  This process can take up to 45 days.