Do you need to lay out your entire plan to a commercial property owner? How much info should be shared?

The reason why I ask these questions is because if I am reviewing several spaces for my business, I am afraid that the current owner may share my idea. With all due respect to agents, in a small town, word travels quickly.
In Leasing Property - Asked by Kelly P. - Jan 8, 2012
Report Abuse
Answer this Question


Al G.
Mahwah, NJ

No, you do not NEED to share your entire plan with a property owner. If you are planning to lease the property, you will likely need to let them know the intended use in general terms. However, if they are insisting on a business plan, and you relly want the property, you should have them sign a confidentiality agreement before you give them any details. Keep in mind, though, right now it is a tenant's market, and there are likely many locations available to you. Use that to your advantage.
Ken Fioretti
Crossroads Companies

Jan 9, 2012
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question