I recently purchased or just sold a property in which Starbucks is a tenant. How do I change the payee and rent payment address on the rent check?
To protect the interests of current landlords and Starbucks, we require legal notice of a change in ownership. The easiest way to do this is for the selling party to inform us of the change in a letter sent to the legal Notice Address in the lease. Once we receive the legal notice, we will confirm the contact information and request a W-9 from the new property owner. If you have acquired a property with Starbucks tenancy and the previous landlord has failed to notify Starbucks of the change in ownership, you will need to provide legal documents as proof of ownership—such as a deed or notarized statement from the escrow agent. These documents should also be sent to Starbucks legal Notice Address.
