Hi everyone,
Okay, my first post disappeared. I'm not sure why. Apologies in advance if it resurrects itself. I've been reading this forum for a few weeks. It's incredibly informative. Nonetheless, I find myself in a situation, and I can't find an exact answer. My partner and I are about to commit to a commercial space in Brooklyn. Here's the offer: 2,500 sq ft $3,800 with 2% increase (good for the area) 2 month abated rent But, we have to pay broker fee ($3,800), so it's like we're getting one month abated rent. 5-year lease (This seems good because the owner can't quickly jack up the price until it's time for renewal.) Here's the catch. The owner wants us to pay the property taxes, which are $500 a month. Is this very unusual? We may be able to lower the rent to compensate. The realtor also said that this rent will not go up if the interior design makes property value go up. (I'm also curious about occupancy tax. I read about it in this forum and wonder if we will need to pay it.) Lastly, he wants us to pay property insurance, but I think this just means general liability, which we have to do any way. Do you guys use lawyers when signing the lease? If so, any recommendation from New York area? Any suggestions/comments welcome! Thanks, Natalie and Cody -- You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com. To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/coworking?hl=en.
