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Replacement Tenant Transaction Costs
Upon the filing of a validated claim, Lease-Guard will......
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Analyze the local CRE market and submarket.
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Retain the appropriate local CRE broker.
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Make needed repairs to market the space as-is.
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List the property on behalf of ownership.
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Secure a replacement tenant to restore the space to pre-default net lease revenue.
Lost Rent Coverage
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Pay a stipulated portion of rent until a replacement tenant is secured.
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Pay legal fees associated with collection efforts from defaulting tenant.
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Retain owner or lender secured rent outside the jursidiction of municipal and Federal courts in the event of tenant bankruptcy filing.
Typical commercial lease language requires a security deposit and a negotiated personal or corporate guarantee of lease payments in the event of default. Lease-Guard will........
Tenant Improvements
Upon the execution of a lease for replacement tenant, Lease-Guard will...
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Retain a licensed design firm to prepare construction documents.
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File and pay for the cost of neccessary building permits.
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Manage the selection process of the renovation contractors.
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Oversee the renovations to the defauted space as the owners representative.
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Collect all contractor lien releases.
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Process contractor requisitions.
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Coordinate tenant vendors.
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Collect all close-out documentation.
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Provide as-built drawings.
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Oversee the relocation process.
DON'T LET A DEFAULTING TENANT RAIN ON YOUR PARADE.
Request a Lease Indemnity Quote for Your Prospective Tenant Today.
INDEMNITY CONTRACT BENEFITS
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HOURS & LOCATION
Location
Corporate Office:
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Baltimore Regional Office:
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Washington Regional Office:
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Hours
Monday - Friday
9:00 am to 5:00 pm EST