Glossary · Doing the deal
Landlord's waiver
In short
This is an agreement signed by the landlord, allowing the lender to access and remove collateral from the leased premises if the business defaults on its loan.
What it means in a deal
If the business operates from leased space, your lender will require the landlord to sign a waiver. This document ensures the lender can retrieve their collateral (like inventory or equipment) without interference from the landlord. It's a critical closing document.
Official sources
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Related terms
Common questions about Landlord's waiver
- When is a debt service coverage ratio waiver or exception possible for an acquisition?
- Can a tenant improvement allowance from a new landlord count towards my equity injection for a leasehold acquisition?
- How does a lender confirm an owner's U.S. citizenship if they were born in a U.S. territory or abroad to U.S. parents?
- What is the SBA's requirement for a buyer's post-closing working capital position?
- What specific documentation is required for a lender to verify U.S. citizenship if an owner was born in a U.S. territory or abroad to U.S. parents?
- Can a seller note be used to finance the entire seller's equity contribution to the buyer's business?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day
Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.