What do commercial landlords like to see from start up businesses that want to lease their space?
[{"id": "fhnpijw", "text": "A flushed out business plan, prior experience, and strong financials.", "replies": [{"id": "fhnxhv4", "text": "Business plan? No they just want someone who can pay the rent.", "replies": [{"id": "fhnxyu8", "text": "I'm a broker, none of my landlords (Kimco for instance) will go further than an loi without a business plan and an understanding of the competence of the potential tenant. Landlords want tenants who will succeed so their rent will continue to escalate, they don't want to sit on vacant space when a tenant fails because they weren't prepared.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fhnpkds", "text": "A personal guarantee lol", "replies": [{"id": "fhozrgz", "text": "For a 5/5 or 10 year term would a 2 or 3 year PG then lease review of the business financials be acceptable for startup? Same line of business for the space so minimal TI. Basically new management with same possibly transferable clientele where prior business had license revoked. Have sufficient cash on hand and operators have prior experience in the industry but not as owners running a business.", "replies": [], "depth": 2}, {"id": "fhp09jm", "text": "...with funds behind it. A personal guarantee from someone that has no money is worthless.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fhnutbr", "text": "Cash on hand. Strong financials.", "replies": [], "depth": 1}, {"id": "fhnxvdn", "text": "Money", "replies": [], "depth": 1}, {"id": "fho0nrh", "text": "Office, industrial or retail? \n\nRetail, credit check, business plan including who your target demographic is, who your competitors are and a knowledge of the permitting process, parking requirements, delivery schedules, if a CUP is needed ect. \n\nIndustrial, credit check, both personal and business and hopefully some financials on your suppliers, maybe a personal guarantee if the details are shaky. \n\nOffice, just go to wework. Businesss plan, credit check, personal guarantee if it is real shaky. Employee numbers, growth projections ect. Basically, if you grow too fast you need to know that before you start so the landlord can accommodate you and it minimizes headache for him. If you take 5K SF and a year later you need another 5K, well, hopefully he planned it out so you can take the space from the guy next door instead of the guy three floors below you, or the guy across town.", "replies": [{"id": "fho7g3l", "text": "Probably the most helpful comment here tbh", "replies": [], "depth": 2}], "depth": 1}, {"id": "fho8028", "text": "I have property.  I want to see something new that makes sense.  We are in an economy that requires an experience.  If you aren\u2019t a national tenant, and sometimes their business plan is lacking, but for the right tenant with the right attitude I will take the chance as a LL. My advice, make the national tenants pay and take the flyer on a local.", "replies": [], "depth": 1}, {"id": "fhob33q", "text": "Business plan, financials, personal guarantees are standard.  Not a \"like,\" mind you.  \n\nIf none of those work, and the deal is completely as-is, a stake in the future of the start-up.  Haven't done one of those deals since 1999 but with tech booming again I wouldn't be surprised if that model is in play.", "replies": [], "depth": 1}, {"id": "fhobth7", "text": "Business plan based on research and a strong financial covenant.  Also a fair market offer to lease the space.", "replies": [], "depth": 1}, {"id": "fhoxr8o", "text": "they want a lot of $ in the bank. likely high security and upfront rent.  that's really it.   they don't care about your popularity, investors lists or other typical bull shit a startup thinks that they are hot shit and then go belly up six months later.   trust me.  I've seen it all.  I did Tumblrs first lease. yelp too.  landlords don't give a shit", "replies": [], "depth": 1}, {"id": "fhp5jc8", "text": "* Reserves\n* A chunk of money down\n* two years in biz\n* personal guarantee \n* proof you're making revenue\n* credit check\n* not a startup", "replies": [], "depth": 1}, {"id": "fhpabhj", "text": "I want to see national tenants and triple net leases. The few start up businesses I\u2019ve dealt with have been a mess. I don\u2019t want to take the risk of losing a tenant 9 months down the road. And I definitely don\u2019t pay to remodel the space for these new businesses.", "replies": [], "depth": 1}]