Landlord of a spot I'm interested in looking to see if my financials
I'm looking to potentially lease out a spot and the landlord is requesting to see my financials for my business-this would be my second location. 1. How typical is this 2. And would it be normal if I asked the landlord and broker to sign an NDA
[{"id": "fi3furc", "text": "Very typical, they want to make sure your business can support the rent. Yes, you can ask them to sign an NDA.", "replies": [{"id": "fi3hgi4", "text": "Do these typically go to broker or my lawyer sends to landlords lawyer?", "replies": [{"id": "fi3i7ms", "text": "You can send it to the landlord direct. Just ask the broker to coordinate", "replies": [], "depth": 3}, {"id": "fi3jaox", "text": "This is edging into legal advice, but my experience has been everyone who touches it signs.\n\nLandlord can sign and you send directly to them without copying the brokers. \n\nThat being said COUNTLESS deals have gotten done because of the operators financials despite a (potentially) risky tenant.\n\nUse them to your advantage, imo you want both brokers to know your financials. It gives them more ammo to push the landlord into a deal. You want both brokers advocating for you, and good financials are my single favorite weapon.\n\nIf net worth isn't spectacular, show gross sales and trends at your existing restaurant. Find the glitter in your story and sell that. The rest a good broker can handle, and the fact you're trying to open a 2nd location indicates good trending. So prove it on paper, one way or another.", "replies": [{"id": "fi3jxsa", "text": "Thank you for feedback. Right now I haven't my own broker persay. Saw a listing and scheduled a viewing. The current broker is holding the loi until financials. This is good advice. Thank you", "replies": [{"id": "fi6qfk6", "text": "unless it is a really small deal usually the advice of an experienced broker or at least experienced lawyer will pay off.\n\nlocal experience matters.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fi3ipcl", "text": "1, super typical, mandatory at any property I broker. I also require financials to be submitted with the first loi\n\n2, not many people have asked me to, but I never hesitated when asked either.", "replies": [], "depth": 1}, {"id": "fi3qc4a", "text": "Yes and NDA is fine.", "replies": [], "depth": 1}, {"id": "fi3t5vw", "text": "Extremely typical", "replies": [{"id": "fi3t8yv", "text": "Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "fi3z2me", "text": "Very normal. Don\u2019t stress it.", "replies": [], "depth": 1}]