Warehouse Life - Guide To Unconventional Living Spaces: Discover how to live in artist lofts, warehouses and commercial spaces at a fraction of what you are paying for an apartment or house by Villa Michael

Author:Villa, Michael [Villa, Michael]
Language: eng
Format: epub
Publisher: Guangzhou Publishing
Published: 2015-04-05T21:00:00+00:00

Add your own special requirements to this list.

Before you move in, take photos and make a video walk through of the empty area, inside and out, so you have a record of any pre-existing damage or condition issues. Get close-ups of any problems. This may be useful when you move out if the landlord wants to charge you for old damage.

The Lease and Realtors

Commercial spaces are normally rented through realtors. The realtor handles advertising and all the details of the lease signing. Using a realtor shows that the landlord is experienced and professional and likely has several properties to manage.

Don’t be afraid to negotiate. There are many spaces available. Even if they say no to your offer, if you walk away they may call you the next day and say yes. Ask for a reduction in the per square foot cost of at least a couple of cents even if it is already lower than similar properties. If it is higher, then don’t be afraid to ask for a huge reduction that takes it several cents below market. Always ask for move-in time. That means you want the rest of the current month and the next month for FREE before your lease begins. It gives you time to move in, and most landlords will accept this rather than let the property sit unrented for another six months or more.

If you offer a monthly rent lower than the one requested and the broker comes back and says it was denied and then advises you to take the one offered, beware! He may not have even passed your offer to the landlord. Realtors get paid based on the value of the lease. They have little incentive to reduce your lease value by having the landlord accept a lower monthly rent. Any landlord should at least counter a reasonable offer.

The landlord will likely want a three or five-year lease. That is a common term for commercial rentals and it is reasonable if you get a break on the price and early move in. Read your lease carefully to find out if it goes month to month at the end of the lease. Find out what rent increases will be. Do not accept a vague description. The lease should spell out the exact numbers you will be charged in the current and following years through the term of your lease. If the base rent increases based on COLA (Cost of Living Adjustment) it should use the current year COLA as an example to show what you could be paying for the rest of your lease. If your rent does not increase, that is even better. If you renew your lease, negotiations are open again and you can ask that your rent be reset to the originally agreed amount. If there are empty spaces in your complex then you may get this reduction. If they do not want to reduce your rent, send a notice that you will be moving and make it clear that

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.