Ours is a 3 year lease with a renewal option at the end of the 3rd year. This is fairly standard. It's a bit strange that your landlord is offering a short lease with no renewal option.
--- twb Sent from my Phone of i On Aug 20, 2012, at 1:26 PM, Aliza Torok Schlabach <[email protected]> wrote: > Hi everyone, > > I am curious about what kind of basic lease structures you all have (or had > when starting your spaces). There's a space I'm interested in, and I can get > a very good rate ($10/sq ft/yr, gross) for 18 months, but the landlord will > not give me any kind of renewal options... which means I could get booted > from the space after a year and a half. Right now it's the only compelling > location on the table. Since I'm trying to incorporate child care into my > plans, the space requirements are much tricker than for straight up > coworking; I've been searching for a building since March and haven't had any > luck yet. > > The landlord will pay for installing 2 bathrooms and a kitchenette (a bare > minimum to start up the space). The only other work I'd really need to do is > painting and installing some new lighting. There's another floor that I would > love to expand to if all goes well (another 5,000 sq ft with 3 bathrooms and > a kitchen)... but there's no guarantee that I'll be able to do so. > > My real estate agent doesn't recommend doing it - she says I'm too exposed to > risk with this deal. Wanted to hear all of your thoughts... > > Thanks! > > Aliza Schlabach > Founder > Coworking for Parents (soon to be "Juice Box") > www.CoworkingForParents.com > 215.858.4658 > Sign up for our email newsletter | Join our Meetup group | Like us on Facebook > > > > -- > 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. -- 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.
