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November 22, 2017

Dealership Leasebacks with Automotive Buy Sell Report

By Partner ESI

The Lease Exit Condition Assessment (LECA) is a specialized report designed to protect both the landlord and tenant by capturing the condition of a building before and/or after a tenant takes occupancy. In this column for Automotive Buy Sell Report, our due diligence expert explains how a LECA works and how it can help automotive dealers understand the condition of their property, anticipate repairs to building systems and facilitate smoother negotiations between lessor and lessee.

Click here to learn more.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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