Guides for shop owners · Massachusetts and Connecticut

My landlord is selling the building. What happens to my shop?

When a landlord sells, your lease usually stays in place for the new owner. But a new owner may raise the rent or not renew. This is a good moment to look at your options, including buying the building yourself or selling the shop.

If this sounds like youYou just found out your landlord is selling, and you feel exposed. Your whole business sits in a building someone else controls.

Talk to JamesWho we are
A South Windsor building before the Lotus crew renovated it
A South Windsor building before the Lotus crew renovated it
The same South Windsor building after renovation
The same South Windsor building after renovation
Your options

What you can do.

OPTION 1

Stay and keep your lease

Your lease usually carries over to the new owner.

OPTION 2

Buy the building yourself

You control your future, if you can pay for it.

OPTION 3

Find a buyer for both

Someone who buys the building and your shop at once.

OPTION 4

Sell your shop to a buyer

Let the next owner deal with the landlord question.

Before you decide

What to watch for.

  • Read your lease with your own lawyer to see what protects you.
  • Ask your landlord if you have a right to make an offer first.
  • Don't panic and sign a new deal without understanding it.
How Lotus helps

Owner to owner, and it stays private.

Lotus buys shops and the buildings they sit in across Massachusetts and Connecticut. If your landlord is selling, we may be able to buy the building and your shop together, and keep your team in place. Talk with James.

James StephensonJames Stephenson
Lotus, Massachusetts and Connecticut
Talk to James
Questions

Quick answers.

Does my lease end when the building sells?

Usually not. Most leases carry over to the new owner. Ask your own lawyer to read yours.

Can I buy the building from my landlord?

Possibly. Ask now, before it sells to someone else.

Keep reading
Real estateCan I sell my repair shop and the building together?Real estateWhat is my auto repair building worth?Real estateShould I sell my shop but keep the building and lease it?
Say hello

Thinking about what comes next for your shop or building?

Reach out and we’ll talk it through. No pressure, and the conversation stays private.

james@lotuspe.us