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Re: Lease offer - Landlord Forum thread 361311

Re: Lease offer by Garry on June 12, 2021 @07:48

                              
This new info of this being a COMMERCIAL setting, TOTALLY changes my answer to you. YES, I agree with you that many commercial leases go 3-5 years in length. And some even go 20-30 years, if it is a fairly large business. My answer to you, was only about residential settings where people are going to LIVE in the space.

In your case, If the party only wants a 2 year lease, and you do the reno, either get a LARGE deposit from them, or 20% more in rent each month from them. OR BOTH. But get everything in writing, and SIGNED by BOTH parties before doing anything. Get the deposit at the lease signing, so they cannot back out a week or 2 later. Get it in cash, a money order, or a certified check from a bank. NOT A CHECK! If they don't want to agree to your terms, WALK AWAY.

Right now, with the Pandemic starting to go away, there are going to be many smaller businesses wanting to rent spaces like you have, so go ahead and BE PICKY in choosing your new tenants, and your various charges to them.
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Re: Lease offer by Beverly on June 12, 2021 @18:47 [ Reply ]
Garry, you are great!!! Husband and I really value what you have been saying --- one more question -- we have had real estate agents helping lease the property --- they have been a grave disappointment -- what websites do you rec for listing the office condos for leasing?
Thanks again!!!!
    Re: Lease offer by Garry on June 13, 2021 @09:29 [ Reply ]
    Craig's List has a category of Office/Commercial. Try that.

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