If I were to guess, your landlord is giving you a very cheap deal but doesn't want to get locked in to both that rate, or the risk of your new business to stick around longer than a landlord wants.
Remember, a lease is effectively a partnership w/ your landlord, and both sides have to be ready to commit for the long haul - nothing personal. Jerome ______________ BLANKSPACES "work FOR yourself, not BY yourself" www.blankspaces.com 5405 Wilshire Blvd (2 blocks west of La Brea) Los Angeles, CA 90036 323.330.9505 (office) On Aug 20, 2012, at 11:28 AM, Alex Hillman <[email protected]> wrote: > Do you have any indication from the landlord on their reason for not > providing a renewal option? > > -Alex > > -- > /ah > indyhall.org > coworking in philadelphia > On Monday, August 20, 2012 at 1:26 PM, Aliza Torok Schlabach 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. -- 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.
