Wow, sounds like a great deal. In LA, typically a renewal option rate is set to 5% below the new market rate. Did you lock in based on your current rate?
JEROME CHANG <> talk to us: (323) 330-9505 <> chat w/ us: <>http://www.BLANKSPACES.com/chat <https://lc.chat/now/7173741/> WEST: Santa Monica <> | <>1450 2nd St (@Broadway) CENTRAL: Mid-Wilshire | 5405 Wilshire Blvd (2 blocks west of La Brea) EAST: Downtown <> | <>529 S. Broadway, Ste 4000 (@Pershing Square) > On May 11, 2017, at 8:51 AM, Shelley Delayne <[email protected]> > wrote: > > We opted for a middle-ground lease: 5 year initial lease, with (2) 5 year > renewal options with fixed/pre-negotiated rent increases for each. So, a > total of 15 years that I know what our rent would be in the space where we > are. It gave our landlord some assurance that we're in it for a reasonable > length of time, without totally locking me in for fifteen years from day one. > > > :) > Shelley > > > -- > Visit this forum on the web at http://discuss.coworking.com > <http://discuss.coworking.com/> > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] > <mailto:[email protected]>. > For more options, visit https://groups.google.com/d/optout > <https://groups.google.com/d/optout>. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
