Joint Tenancies: Landlords & Medical Marijuana Businesses
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Who needs to read this book?
- Commercial landlords
- Property professions who want to know how medical marijuana businesses impact commercial real estate, like real estate agents, brokers and property and project managers
- Investors in commercial property, especially owner-occupants
- Real estate lawyers
- Neighbors of medical marijuana businesses
- Board members of project owners’ associations where a medical marijuana business occupies space
- Land use officials and planning and zoning staff personnel approving these businesses
- Insurance brokers and agents in the property and casualty lines
- Environmental consultants involved in indoor air quality issues
What’s Covered in Joint Tenancies?
- Land use barriers to be hurdled to get the medical marijuana business approved by a community
- Private restrictive covenants that may impede establishing the business in a project or building
- Understanding the fears of mortgage lenders working with a landlord and approaches to responding to those fears
- Government forfeiture processes connected to criminal prosecutions of illegal activities
- Environmental burdens to deal with in medical marijuana business operations
- Neighbor occupant anxieties about the risk to their enterprises from the folks next door
- Economic risks to commercial landlords from accommodating a medical marijuana tenant
What is the Value Proposition?
- There is no other book on the market addressing the risks and opportunities awaiting landlords leasing to medical marijuana businesses
- The forms and text provided give the landlord ways to analyze its appetite for making a lease and handling the consequences of moving in this new business model in its building or project
Who wrote Joint Tenancies?
Mike Widener is a real estate lawyer with 30 years practice experience and an investor in commercial property. Mike represents a number of industrial and commercial property developers and owners Mike’s also a zoning adjustment hearing officer who has heard many controversial requests for zoning adjustment.
Cover Photo Credit: Burnzwell Medical Marijuana Center, Denver, Colorado. Attribution: O’Dea at WikiCommons, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported License, 2011.