Frank Salas

So the place that I recently obtained had the full salon and I found somebody to rent it out! I'm getting 3200 a month for it so I'm paying my rent, plus making 1450 a month! (my rent is 1750)

Soooo we have to work out all the details! I just want to know if I can make a basic rules guidelines and have them and myself sign and that will be enough? Could I use that in court? What exactly should I do ?

Thanks a lot!

-Frank Salas
Salas Sunless OWNER ;)

Woodlands

Spend $200-300 and get an attorney to draw you up something that's legally binding. Most states have laws about what you can and cannot include in a lease (or any contract) so it's best to pay to learn now instead of when you're sitting in front of Judge Judy ;)

eileen

Frank are you sub-leasing it then? Did your original lease have a sub-lease exclusion?

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"under exposure to UV rays is as dangerous as overexposure....this is D life" eileen

Frank Salas

Yes, it said I could lease it out for massage therapy, hair, nails, and any other type of comparable industries.

eileen

that's awesome, i would take woodlands advice and get a good attorney to go over everything.... it's money well spent.

__________________
"under exposure to UV rays is as dangerous as overexposure....this is D life" eileen

eileen

one more question :) are you still working at a profit after the the cam, insurance, electric, phone, water, credit card, cable and internet are paid for?

__________________
"under exposure to UV rays is as dangerous as overexposure....this is D life" eileen

Frank Salas

I don't know what cam is...

but insurance... all up to her. i'll have my own I think ill just use that sunless one that everyone uses here.

Water... paid for by the land loard...

Electricty.... 90% paid for by the salon owner... 10% paid by me ;)

internet... well for now I'm bumming off the wifi from the doctors office ;) But I'm getting Verizon FIOS (maybe) for 150 a month for TV, internet and phone!

Oh yeah and my electricity is 100% green (Green Mountain Energy), its renewable and doesn't emit any pollutants in the air ;) greens a fad so I'm riding it

But yeah, I'd still be operating at a profit ;)

Sorry I don't mean to come off as a know-it-all. I'm POSITIVE I'm off/wrong on something, so I'm preparing for the worse! *knock on wood*

oh yeah and I still have two other rooms I can lease out and one of the rooms has a massage table built in. So I'm liable to make $2800
a month.

Oh yeah the lady doing the salon is going to be a full AVEDA salon. I don't know exactly what they are about, but I know they are high class and very well known and are also green ;)

-Frank Salas
aka

Mr. Opportunist

eileen

common area maintenance (CAM) costs associated with operating and maintaining a shopping center. a few examples are window replacements, painting the exterior, snow removal, new blacktop, new roof.... the cost gets past to you each year. however it might not even have a CAM which would be cool.

I've been going to an Aveda only salon for 14 years.

I meant liability insurance. If someone fell on your just cleaned wet floors for example. Just things to think about and make sure you keep yourself protected.

__________________
"under exposure to UV rays is as dangerous as overexposure....this is D life" eileen

Frank Salas

oh I guess thats the same thing as triple n? (NNN) yeah I don't pay any of those!

And I def. need to get insurance. But I'd still be operating at a profit. Oh yeah, internet and TV would be split as well ;)

eileen

sounds good then..... now the hard part. you all need to get along and respect each others clients etc. :)

oh and I would also still get a good attorney... ours was $300 an hour and felt it was well worth it. :)

__________________
"under exposure to UV rays is as dangerous as overexposure....this is D life" eileen