California E&S Insurance

The property is worth $155k, but you're going to pay $72k over three years and do a ton of maintenance and improvements on someone else's building? You need sublet rights. If the assuming subtenant is equal or greater credit, there is no reasonable argument tobdeny you. Your termination right is shit, six month rent is plenty since their capital outlay is nothing. You should have ROFR (right of first offer) to buy the building during the lease . I'd never sign a lease with a shitbox landlord like this without a right of offset. If you don't get a right of offset, you an attorney to draw up 5-10 pages outlining OPEX, exclusions, and minimum standards, or you'll constantly be trying to track this LL down while the roof leaks onto your work. All the legal stuff is shit, I'm not a lawyer, but the latient defect stuff is especially concerning.

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