Thursday, August 11, 2011

When leasing a commercial space for retail?

This is where negotiations in the preliminary agreement to lease comes in. I would get an estimate for what you want from a contractor before signing anything. Then ask for an allowance from the landlord to pay for some or all of the buildout in exchange for a longer term (5-10 year) lease. If the landlord will not pay for it ask for him or her to pay for it up front and amortize the cost over the term of the lease. In other words pay back the buildout cost in additional rent. Email me if you want more info or suggestions. I used to be a retail real estate specialist. Tyler.DeGraaf@yahoo.com

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