Buying a business will often include the assumption of a lease for the premises occupied by the business for sale. There can be a number of significant issues involved with the lease and I have seen several deals fall apart as a result of a buyer not being able to get a satisfactory assignment of the lease.
Insofar as the lease is concerned, get a copy of the current one as quickly as you can and review the clause(s) on assignment and transfers.
Generally speaking, landlords are accommodating to lease transfers but not always.
Be sure to calculate rent increases into your financial models since you will be inheriting the new lease rates after you buy the business.
Another consideration is the deposits. A new tenant - which a business buyer is deemed to be, will have to replace the deposits that the seller may have made with the original lease. These can be quite large as they can include first and last month's rent, plus a security deposit.
While it's true that leases typically get assigned without too much aggravation when buying a business, it's not always the case.
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