Have you ever shown up at the airport without your ID?

It’s not the end of the world, but the inconvenience could’ve been avoided.

A landlord’s attorney typically requires the same items to draft a lease. We prepare the main points for the deal and provide them with an LOI or executed term sheet and the tenant’s attorney contact information.

What do you do thereafter to make sure the deal gets done?

Save time and show your value-add.

People often say, “I’m not really involved, the attorneys are handling the lease.”

Unless instructed by your client - don’t do that.

It’s your job to get the deal to the finish line.

Keep communication flowing.

We typically need to check the same boxes when signing a lease. Make sure the attorney has what they need.

Delays come with excuses.

People lose patience.

Has the entity signing the lease been formed?

Is the letter of credit in a form acceptable to the landlord and tenant?

Has the lender provided an SNDA if required?

Has the architect provided a proper set of floorpans to include as a lease exhibit?

If an individual is guaranteeing the lease, do you have a copy of their driver’s license?

What’s something you need for any deal to get done?

Let us know in the comments below.

#leaseexecution #realestatedeals #attorney #masonre