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DO NOT give him your business plan. Business Plans should only be given to qualified investors and then only with an NDA with both a use clause and a disclosure clause. Do an executive summary instead if he wants to know anything about your businness. garage.com has a good article on exe summaries.1 of 1 people found this helpful
Are you using a commercial realtor?
Not normal at all. I mostly rent residential properties but I do have one commercial property I rent and all I asked from the tenant were references, articles of incorporation, and tax ID. Those three pieces of info told me all I need to know about the tenant.1 of 1 people found this helpful
I don't think your landlord needs to see a business plan to know you are a legitimate business.
Why would a landlord want to see a business plan??
You are renting or leasing property from him, not going into business with him.
Very strange. Be careful. Do you have a lawyer??
The landlord said that other people were inquiring about the space for lease, so he wanted to look at the plan to check that the business would be financially viable, etc. Okay, I will try and push back. I'm a newbie to all this so appreciate the feedback. Thank you.
I am not sure that this landlord person is being entirely up front with you. Proceed with extreme caution.
Without knowing the details, my guess would be that the landlord wants to guage your long-term financial health. It is an unusual request, and you have the right to address that in whatever manner you feel is appropriate. I don't know what kind of relationship you have at this point, so I don't know how comfortable you'd be in stating "Before I share this information with you, perhaps you could help me understand why you are requesting it." Ask an open-ended question, one that can't be answered with a yes or no, stand back, and say nothing. If the response is vague (example: "I'd just like to see it"), you can respond by saying that your business plan contains proprietary information and is shared only with business partners who are contractually obligated to honor signed non-disclosure agreements that you have on file.
Sometimes landlords ask questions just to see if you'll blink.