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THE RUNDOWN

Three things landlords need to know about non-profit tenants


3. Most nonprofits are required to have board approval before entering into a lease, purchase or sale of property. Boards are unlikely to be real estate savvy. 2. Board approval can be a long process, so the broker needs patience. 1. Many nonprofits seek a “buy-in” from stakeholders including funders, staff, clients, and the board finance committee. Be ready to make a series of presentations to these entities.

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