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>Like, what? The landlord could fail to find another tenant for seven years and still come out ahead. Most commercial leases are bespoke, and heavily favor the
by htrp 3y ago
>Like, what? The landlord could fail to find another tenant for seven years and still come out ahead.
Most commercial leases are bespoke, and heavily favor the landlord. Meta being able to pay ONLY 7 years and break the lease speaks to their pricing power in the market place.
Most leases are triple net which means you have to pay for everything (insurance, maintenance, taxes, etc basically as if you owned the building without owning the building) and include no provisions for lease breaks (meaning you're liable for the full amount of the lease, usually all 20 years of it).
- SilasX 3y agoThat doesn't address why they wouldn't be able to sublease, except for your overgeneral "they're all custom" (sorry, bespoke), which I thought was allowed for such a large lease. In any case, a citation would be helpful to shed light on the issue rather than more assertions.