We received an offer to lease. The property was currently under a 5 year lease but the Lessee did not make payments for years 4 and 5 and now another firm want to lease it. Can we go ahead and just re-lease it or do we need to provide some type of notice?
Does anyone know what the market rate is in that area? I have not been keeping up with pricing in the last 3 years.
All feedback is appreciated