Pug wrote:I would agree with you if it were not for the insurance problems. I've got 46 tenants in the building, and I'm confident that there are plenty of the 400+ among the staff who are both licensed and carrying. The problem we face is liability insurance. Whereas the carriers cannot force us to place a 30.06 sign in the window and inforce it, they can (1) charge more for our liability or (2) refuse coverage in the absence of such a clause in the lease.Keith B wrote:A lease is a private contract and binding between two parties. Even with verbal approval, I would ask that it be stricken from the lease before signing it myself. That way there is no question if something happens and the lessor decides to terminate the lease on you because of the violation.
Should someone refuse to sign due to the clause, I've got a waiting list and would understand.
Pug, I don't doubt you on this. I am curious to know if this has actually been brought up by an underwriter. I have been in the insurance business for over fifteen years with an emphasis on insuring commercial real estate and have never had this come up during the underwriting process. Just curious if this is something new or is it specific insurance company or underwriter.