Jan
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With one year left on my lease for my retail store, when should I begin to re-negotiate for a new one?
ByI have a retail store with one year left on my lease. I am wondering when would be a good time to start talks with the landlord. Should I wait for another 3 months or perhaps 6 months? Or should I let it be known I want to extend it now?
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need help! is it norm for retail front landlord to raise rent 3% every year on 3 year lease? i am about to rent a retail location but landlord wants me to sign a lease, agreed to $3300 per month, then when i see contract he says the 2nd year it will be $3400 per month and 3rd year its $3500 per month. is he trying to *****...
I have have 3 years left on a 7 year lease for a retail space. Can they take my house if i default? I had a 2 year lease with an option to extend 5 years. When the 2 years was up, 2 years ago, they didn’t have me sign to extend, they just told me it was ‘ok’ and that they’d let me out of my lease if things went bad....
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Credit background check and banking check for commercial retail store lease? I m applying for a new retail store space, they require credit check. What will be their primary search target? Will they check to see how much I have in the bank? What kind of credit score consider qualfied? above 700?Rent Back Fast ...
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2 Comments
January 22nd, 2010 at 11:15 pm
I would start to plant the seed with the landlord soon. You will be in a better position to negotiate with him if you have more time and thought invested. Start by dropping hints and let him know what you like and dislike about where you are. Also check out what similar areas in other retail locations are renting for. Not for the sake of moving, but to use in your negotiation process if needed.
Negotiating is like dating. Not many people say yes to a marrige proposal on the first date. You have to court that person for some time before popping the big question.
January 25th, 2010 at 3:47 am
If you want that lease to continue then you should start negotiating now or start looking for another place. Moving location of business is not easy unless you are Walmart.