Can include a clause in a business lease that requires the tenants to pay for fire insurance while leasing my building

Question

Can include a clause in a business lease that requires the tenants to pay for fire insurance while leasing my building

Answer

As a Franchise Attorney I can say the answer is yes, but you have to be careful with the wording. A lot of leases are "triple net" meaning the tenant is responsible for paying the landlord's insurance, property taxes and maintenance expenses. Don't let them take out their own insurance, as they have been known to "forget" to pay premiums and then a disaster hits. Consult with a good real estate or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation