Paul, Congratulations! You must be so excited to be at this stage of your venture. I am a commercial real estate broker in Charlotte, NC, who works on behalf of Tenants, so my advice is coming from the real estate side, not necessarily the co-working side.
Does the Landlord know that your use is to create a co-working space? I'd encourage you to make that clear up front to avoid any conflicts or misunderstandings in the future. I would also encourage you to have an attorney who specializes in commercial leases review the document on your behalf. Ask around for recommendations if you do not already have someone you trust. The Landlord has likely provided you a document drafted by their attorney's to protect their interests. While the lease provides you with protections, it is most probably unbalanced. Investing in a good attorney who specializes in commercial real estate will be worth every penny to you should an issue arise in the future. Additionally, your attorney will be able to make sure that the sublease/assignment language does not prevent you from operating the business you intend. Good luck! Let me know if I can be of any additional help. Jen Ware - Alliance Commercial Real Estate Charlotte, North Carolina On Jan 15, 8:51 pm, Paulie <[email protected]> wrote: > Hello, > > I am about to enter a commercial lease for premises to start a Co > Working Studio called Epic Studios. I know the land lord will be > adverse to me sub leasing though & want to avoid having to sub lease > to co workers. How do I get around that legally? Someone mentioned > creating a membership. Does this mean people still enter into an > agreement when they move in? > > If anyone has any formal information on the wording of a Membership + > Agreement around this, that would be much appreciated. > > Thanks again. > > Paul - Epic Studios > Melbourne - Australia -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
