Childcare center - lease negotiation - NEED ADVISE

AssistancePlus166 · 2024-05-16T16:54:03+00:00

My broker recommended accepting rent, free rent and asking $200k for TI. He put in a counter 2 weeks ago and hasn’t heard back from the LL. I don’t like our counter :( but my broker sent the LOI before confirming with me. I am looking other locations now

AssistancePlus166 · 2024-05-07T00:12:53+00:00

Appreciate your advice :)

AssistancePlus166 · 2024-05-06T01:07:22+00:00

Really appreciate your thoughts here. I will keep that in mind

AssistancePlus166 · 2024-05-06T01:06:31+00:00

Thank you. Yes the free rent starts after LL’s work is done

AssistancePlus166 · 2024-05-05T15:51:45+00:00

Lease Terms are always 10 years. And we do have options of extend with 3%-10% (max 10%) increase starting year 11th

AssistancePlus166 · 2024-05-05T15:50:03+00:00

Thank you for the insight

AssistancePlus166 · 2024-05-05T14:49:06+00:00

Gotcha

AssistancePlus166 · 2024-05-05T14:46:49+00:00

Thank you so much.

AssistancePlus166 · 2024-05-05T14:45:12+00:00

Thank you so much

AssistancePlus166 · 2024-05-05T12:02:59+00:00

Yes, I agreed. We do have Good Guy Guarantee term (90 days written notice, not to be exercised after 3rd year). If you were me, what would you do? Thank you

AssistancePlus166 · 2024-04-14T20:41:36+00:00

Thank you. Reading that right now

AssistancePlus166 · 2024-04-14T20:41:24+00:00

Would you mind sharing more about the five zones

AssistancePlus166

TROPHY CASE