Hi Joshua, My next step is to create a great membership agreement.
What are the important points to cover? Are there any coworking owners out there willing to share? Thanks, Brian Burgett On Mon, Jun 18, 2018 at 11:29 AM, Joshua Webb <jos...@growthli.com> wrote: > First of all DONT sign leases with your office holders. This will make > your life a living hell if ever have to remove someone for not paying. Make > them sign a member agreement (it resembles your rights to like a hotel > room) they get to use the space but the tenants rights remain with you. > > Ok to your question are you signing a lease where you pay from day 1? Or a > percentage lease? If a percentage lease make sure there is a cap so your no > sharing revenue to the moon and back. > > If not a percentage lease than you only need verbiage in your lease that > states you have rights to make money in the space (standard) we added > special addendums about our memberships and security access, amenities > access to the rest of the building if any.... > > Joshua Webb > > Founder at Growthli > > 844-455-GROW (4769) > Https://Growthli.com > > © Growthli | A Place To Learn, Grow, & Office™ > . > > On Mon, Jun 18, 2018, 10:14 AM Wendy S. <we...@siteresolve.com> wrote: > >> Hi Brian >> if I may be so bold, sounds like you are not working with a commercial >> real estate broker. They would be able to do the first phase of this >> language for you in the negotiation as this is material to the business. >> This can then be viewed by your attorney when it reaches the lease document >> stage- a few dollars spent in advance on this saves you heartache (and >> money) in the future. So, this may be for your next location - as you >> expand! :-) >> >> I don't want to impinge on progress already made. You may already know >> this. The broker gets paid by the landlord and works for you and protects >> YOUR interests. The commission should already be "baked" into your rental >> rate, so don't let the landlord hedge on the rental rate since a commission >> would be due. It also creates a buffer for you - you stay on good terms >> with the LL and your broker is the "bad cop". It may be a good time to ask >> your LL if they've worked with brokers before. Not to nix the deal, just as >> a reference point. >> >> If you are doing this on your own, great. >> >> Some language that may be useful: >> >> *Right to Assign/* >> >> *Sublease:* >> >> Tenant will have the right to assign and/or sublet to a subsidiary, >> related or successor company without Landlord approval. Tenant will also >> have the right to assign and/or sublet to an unrelated company with >> Landlord consent, which shall not be unreasonably withheld or delayed. >> Landlord will have 15 days from the time of notice to provide their >> response to Tenant’s requested assignment and/or sublease consent. Tenant >> will retain all sublease profits (if any). >> >> >> Hope all of this is helpful and best of luck >> Wendy Spreenberg >> SITE REsolutions, LLC >> e) we...@siteresolve.com >> >> On Friday, June 8, 2018 at 7:23:05 PM UTC-5, Brian Burgett wrote: >>> >>> Hi all, >>> >>> This is such a great resource! Thank you! >>> >>> I am working on opening a coworking space in northern Cincy. >>> >>> I have been working hard on getting a great lease put together. I >>> absolutely love the space. We are the landlords first coworking tenant. >>> They are pretty excited about having us join. The problem is that they have >>> a pretty standard lease and it includes a non-assignment clause. They agree >>> it doesn't fit. It states they have to approve any sublease agreements (my >>> attorney says it could apply to our type of business). It also states that >>> any sublease rent we get over the lease amount goes to the landlord. The >>> landlord has asked my attorney to come up with a better clause. >>> >>> Can any of you who have signed a lease for a coworking space share the >>> terms you have laid out in your lease on this issue? I would think I need >>> to include that I have sole discretion to sublease and assign. It may >>> include a description of how we make money? Am I missing anything? >>> >>> Thank you all for the great conversations we have on this group! >>> >>> >>> >>> Best regards, >>> >>> Brian Burgett >>> >>> >>> >>> >>> >>> >>> >>> Create your own email signature >>> <https://www.wisestamp.com?utm_source=promotion&utm_medium=signature&utm_campaign=create_your_own> >>> >>> >>> >>> >>> >>> >>> >>> >>> -- >> 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 coworking+unsubscr...@googlegroups.com. >> For more options, visit https://groups.google.com/d/optout. >> > -- > 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 coworking+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Coworking" group. 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