jagerontherocks

hello
a couple of things best 2 books you could ever own are nolos leassing for a commercial property and navigating commercial property leases. they are pretty cheap and will explain very well. whats up in the leasing industry and how to work the whole allowance thing. if there is crazy things wrong with the place you really should use a real estate lawyer and I emphasize a commercial real estate lawyer they will know whats up and make sure the whole lease is sound and you are not getting screwed on your triple nut. It is crazy what your lease might conveniently leave out or in. are the exclusions from anyone doing anything remotely in your business int the same area owned by the landlords. ie nail salon throwing a couple of beds in the back room and screwing you. It was worth the couple of grand in the long run for me just to start the conversation and ensure that everything on your property need list is handled and finalized in the lease. As far as numbers I am getting 17000 on the 1700 sq feet and that is brand new building and is a vanilla shell. your property already has previoys issues that should not be part of the allowance just to bring it up to norm and commercial real estate will tell you. where is the water damage? did it flood or did it leak ? if it leaked was the roof properly resealed and along those lines can sustain a 10 unit. if the carpet had to come out it there mold issues, sometimes its not obvious but if you are anywhere near the coast or have high humidity it could be along term problem. how sound is the structural at the base of the walls if the baseboards came op they could have been trying to let the walls dry out. it sounds like they are screwing you I would at least find a real estate broker not affiliated to help you ensure your success but sounds like you need a comm lawyer to make sure you are not getting screwed other places in the lease besides structural previous damage.
your lease will define you operating expenses so dont cheap on your one big nut to crack.
i