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| Tanning Biz Newbies Are you a future salon professional and new to the Industry? |
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05-16-2007, 07:34 AM
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#21 (permalink) |
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www.highlinecapital.com
 Join Date: Nov 23 2004
Location: ITA Member & Berman Supporter!
Posts: 2,445
Rep Power: 8
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Re: Lease negotiations?
bump - good thread for newbies looking at getting into the business and considering their first lease negotiation
Maybe a sticky??? |
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05-16-2007, 10:00 AM
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#22 (permalink) |
 Join Date: Apr 21 2004
Location: Frisco, TX
Age: 57
Posts: 618
Rep Power: 5
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Re: Lease negotiations?
It is a negotiation. There should be some offers and counter offers. Always ask for free rent. If it is a new space there is always TI allowance. How much TI is available depends on how the space is delivered, Vanilla shell or Grey shell.
If it is not a new space it is harder to get TI allowance so it is best to look for reduced rent rate and free rent. |
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05-16-2007, 10:28 AM
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#23 (permalink) |
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I love Derf!!
 
Join Date: Jul 5 2006
Location: Elk Grove, CA
Posts: 1,222
Rep Power: 5
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Re: Lease negotiations?
my landlord is a tool, and I went in not getting the best negotiation. In the end he didn't meet his deadline so I ended up wanting out, so then we renegotiated. I am much happier because I was able to get a lot more than any tenant there. I credit all of you on this site for that, I would not of known what to ask for.
I ended up with 6 months free rent (including CAM's) 400 amp 3 phase, 10 tons air vanilla shell $20,000 TI allowance as opposed to: 60 days free rent (but if I managed to open prior to the 60 days it ended the free rent) 400 amp 3 phase, 10 tons air vanilla shell For a $400 lawyer fee, sending a termination letter and looking for another location, my lease was redrawn, keeping the original execution date, if he can't meet my deadline I leave. Last edited by lewdyju; 05-16-2007 at 10:34 AM. |
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