Does a Commercial Real Estate Agent acting for a Land Lord have an obligation to check the financials of a tenant before leasing a property?
7 years ago
Responses
Matt Whitby
Investment Manager
Sydney, NSW
7 years ago
Typically not. Usually, you would ask for the last 2 years audited P&L statement for Lessor/Landlord to review and make an informed decision. Landlord would also undertake a company search. Of course bank guarantees (6-12 months ) also normal.