Lease question? help needed - Page 2

caribbean tan man · 08-23-2006, 09:48 AM

can someone show me the math on this senario......what am i doing wrong?

my landlord has us pay the actual CAM fees....there is 6 units the exact bill gets divided by 6....i like it. he makes nothing and we get copies of the actuall bills

timeout888 · 08-23-2006, 10:09 AM

Carribean -

Here is an example of a 1200 sq ft leased at $15 a sq ft.

1200 sq ft. X $15 a sq. ft. = $18,000

$18000 / 12 months = 1500 a month

movieking · 08-23-2006, 10:09 AM

Square footage is generally measured to the outside of the exterior walls and the center of a common wall that seperates two spaces.

caribbean tan man · 08-23-2006, 10:24 AM

Quote:

Originally Posted by timeout888

Carribean -

Here is an example of a 1200 sq ft leased at $15 a sq ft.

1200 sq ft. X $15 a sq. ft. = $18,000

$18000 / 12 months = 1500 a month

THANKS but it still dosent come out to the price he has posted. he has $1800 a month for 1200 sf

Nigelappler · 08-23-2006, 10:30 AM

I agree with Derf thats REALLY CHEAP

timeout888 · 08-23-2006, 10:41 AM

carribean -

I think he added in the CAM at 2.75 a sq. ft. , Then rounded to $1800a mo.

????

caribbean tan man · 08-23-2006, 10:48 AM

i think theres more to it! my math which im told isnt the right way is close to his numbers.

for example i did 1200sf X 15psf= 18,000 he gets 1800
also 1127sf X 15psf= 16,905 he gets 1690

????

whit1 · 08-23-2006, 10:57 AM

sorry, that was my typo....didnt do the math right...

$15x1200sf = 18,000 divived by 12months =$1500.00

Steve Underhill · 08-23-2006, 11:34 AM

When calculating the size of a space you must measure to the center of inside demising walls and to the outside of exterior walls. This is standard. Your front and back wall is measured to the outside edge. The walls dividing spaces are measured to the center of the wall unless you are in an end space. In that case you must measure to the outside of the exterior wall.

Instead of concentrating on this issue there are other places to get a better lease.

whit1 · 08-23-2006, 03:12 PM

[
Instead of concentrating on this issue there are other places to get a better lease.[/quote]

so far i have negotiated :

-got a $1300 allowance for new flooring of my choice.
-they agreed to remove all fixtures on walls of space and repair holes etc and paint.
-10 week rent free build out
-no tanning salon within a 3-5 mile radious can open in any bldg they own or build

now im in the process of negotiating on Rent..they want

$15 1st 2yrs, $16 last 3...this was there 1st offer..so i think im going to counter with-:

$13 1st
$14 2nd
$15 3rd
$15 4th
$16 5th

08-23-2006, 09:48 AM	#11 (permalink)
caribbean tan man DERFTALK FBI AGENT Join Date: Jul 29 2003 Location: northeast Age: 32 Posts: 5,290 Rep Power: 31	Re: Lease question? help needed can someone show me the math on this senario......what am i doing wrong? my landlord has us pay the actual CAM fees....there is 6 units the exact bill gets divided by 6....i like it. he makes nothing and we get copies of the actuall bills __________________ someone PM me when a good tanning topic is posted. :lol:

08-23-2006, 10:09 AM	#12 (permalink)
timeout888 Join Date: Jan 26 2004 Age: 29 Posts: 490 Rep Power: 5	Re: Lease question? help needed Carribean - Here is an example of a 1200 sq ft leased at $15 a sq ft. 1200 sq ft. X $15 a sq. ft. = $18,000 $18000 / 12 months = 1500 a month

08-23-2006, 10:09 AM	#13 (permalink)
movieking Police Department Join Date: Aug 12 2004 Age: 43 Posts: 2,983 Rep Power: 14	Re: Lease question? help needed Square footage is generally measured to the outside of the exterior walls and the center of a common wall that seperates two spaces.

08-23-2006, 10:30 AM	#15 (permalink)
Nigelappler I love Derf!! Join Date: Jul 21 2006 Location: LaSalle Posts: 4,354 Rep Power: 15	Re: Lease question? help needed I agree with Derf thats REALLY CHEAP

08-23-2006, 10:41 AM	#16 (permalink)
timeout888 Join Date: Jan 26 2004 Age: 29 Posts: 490 Rep Power: 5	Re: Lease question? help needed carribean - I think he added in the CAM at 2.75 a sq. ft. , Then rounded to $1800a mo. ????

08-23-2006, 10:48 AM	#17 (permalink)
caribbean tan man DERFTALK FBI AGENT Join Date: Jul 29 2003 Location: northeast Age: 32 Posts: 5,290 Rep Power: 31	Re: Lease question? help needed i think theres more to it! my math which im told isnt the right way is close to his numbers. for example i did 1200sf X 15psf= 18,000 he gets 1800 also 1127sf X 15psf= 16,905 he gets 1690 ???? __________________ someone PM me when a good tanning topic is posted. :lol:

08-23-2006, 10:57 AM	#18 (permalink)
whit1 Join Date: Jun 29 2006 Location: Ma Posts: 37 Rep Power: 0	Re: Lease question? help needed sorry, that was my typo....didnt do the math right... $15x1200sf = 18,000 divived by 12months =$1500.00

08-23-2006, 11:34 AM	#19 (permalink)
Steve Underhill Join Date: Apr 21 2004 Location: Frisco, TX Age: 57 Posts: 623 Rep Power: 5	Re: Lease question? help needed When calculating the size of a space you must measure to the center of inside demising walls and to the outside of exterior walls. This is standard. Your front and back wall is measured to the outside edge. The walls dividing spaces are measured to the center of the wall unless you are in an end space. In that case you must measure to the outside of the exterior wall. Instead of concentrating on this issue there are other places to get a better lease.

08-23-2006, 03:12 PM	#20 (permalink)
whit1 Join Date: Jun 29 2006 Location: Ma Posts: 37 Rep Power: 0	Re: Lease question? help needed [ Instead of concentrating on this issue there are other places to get a better lease.[/quote] so far i have negotiated : -got a $1300 allowance for new flooring of my choice. -they agreed to remove all fixtures on walls of space and repair holes etc and paint. -10 week rent free build out -no tanning salon within a 3-5 mile radious can open in any bldg they own or build now im in the process of negotiating on Rent..they want $15 1st 2yrs, $16 last 3...this was there 1st offer..so i think im going to counter with-: $13 1st $14 2nd $15 3rd $15 4th $16 5th

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
So you wanna open a tanning salon?	Neon Beach	Open Forum	60	02-02-2007 03:50 PM
Opening a new salon!	PeppermintPatty	Tanning Biz Newbies	0	06-23-2004 05:59 PM
Signing a lease	Tanmand	Tanning Biz Newbies	1	03-20-2004 03:04 PM
Question from a friend...	mouthybrat	Equipment	61	02-20-2004 06:30 PM