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hotkiss · 04-11-2008, 08:29 AM

Hey all,
I am getting ready to sign my first lease and just wanted to see if you had any advice. We are getting a GREAT location so we are really excited, but we arent sure if we are getting jipped on our build out allowance and such. Currently, the space has had some water damage and the carpeting had to be torn out and the base boards are gone. This is fine b/c we didnt want it anyways. There are also some walls that are going to have to be torn down and the leasing agent is saying that that will have to come out of our build out allowance leaving us with 5000. The space is 1500 sq. ft and we are getting 6000 allowance. does this seem fair, if not any ideas on what we should ask for? We also know we are going to have to upgrade the electrical and the HVAC which is only 4ton b/c we need 10 ton. No estimates just yet on how much all this will cost so thought maybe you guys could shed some light!
thanks

04-11-2008, 08:29 AM	#1 (permalink)
hotkiss Join Date: Mar 26 2008 Location: Dallas, GA Posts: 15 Rep Power: 0	LEASE NEGOTIATIONS Hey all, I am getting ready to sign my first lease and just wanted to see if you had any advice. We are getting a GREAT location so we are really excited, but we arent sure if we are getting jipped on our build out allowance and such. Currently, the space has had some water damage and the carpeting had to be torn out and the base boards are gone. This is fine b/c we didnt want it anyways. There are also some walls that are going to have to be torn down and the leasing agent is saying that that will have to come out of our build out allowance leaving us with 5000. The space is 1500 sq. ft and we are getting 6000 allowance. does this seem fair, if not any ideas on what we should ask for? We also know we are going to have to upgrade the electrical and the HVAC which is only 4ton b/c we need 10 ton. No estimates just yet on how much all this will cost so thought maybe you guys could shed some light! thanks