Aug

To sub-lease a commercial property in CA, can only one of two owners of a business sign the listing agreement?

By admin

Two partners of a retail business are in a 5-yr lease, with 3 yrs left. They are disolving the business. They need to sub-lease the retail space to avoid paying the entire 5-yr lease.

Do both parties have to sign the listing agreement with a broker? (In residential sales, only one of the owners can list a home, but both must sign in escrow.)
Please note that I am not asking if two need to sign the LEASE agreement. I am asking if both need to sign the LISTING agreement to have a broker find new tenants!

Sell and Rent Back

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