Ever wonder what hidden provisions lurk inside your lease, waiting to bite when you least expect it? An increasingly common problematic provision is “excess consideration,” where a landlord may obligate you to hand over whatever you make from the sale of your practice. In this episode Joe McGregor discusses the concept of lease assignments, the reason landlords seek “excess consideration” clauses, and why you should never agree to one.
If you ever buy commercial property, this niche episode is for you. In this one we dive into the nooks and crannies of title insurance, and discuss why this may be an underrated aspect of the real estate purchase process.