Dec
19
How much of a rent reduction can you get with a retail sublease?
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If a business is closing, and they responsible for the term of the lease and they are trying to sublease the space, how much of a rent discount will they give to the sublessor to take over the lease. Thank you
Sell House Quick
Is an authorization to sublease (retail space) considered a binding agreement in the state of North Carolina? I have own a franchised retail store. My franchisor acts as the lessee, then subleases to me, the store owner. I am looking to closed my doors due to poor store performance. I signed an authorization to sublease with with Franchisor, but never signed the actual sublease agreement. Somehow...
What is the difference between Ask Min Rent and Ask Max Rent on a retail lease? In looking for office space for lease, I’m seeing the Rent and Additional rent, which I know is the base and then the taxes/utilities/management fees etc… but on the Rent, I’m seeing “Asking Net Rent Min” and “Asking Net Rent Max”. Why the range?Sell House Quick ...
How much is the monthly rent on a mall retail store? I live in the San Francisco Bay Area and was wondering if anyone knows about how much the monthly lease amount is on a mall retail space? I do not want a kiosk.Rent Back ...
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2 Comments
December 19th, 2009 at 3:16 pm
That all depends on the price they can get for the unit.. They might actually ask for more. Also the landlord has to ok any subleasing..
Good luck
December 20th, 2009 at 6:18 pm
I work in a commercial real estate office. We do assignments for sold businesses quite frequently but they don’t get a reduction in rent. The only way they get any kind of free/reduced rent is if we do a new lease in place of an assignment.