Why wouldn't a landlord reduce the cost psf by a buck or two if he could shift the financial responsibility for a roof repair or roof collapse or basement wall collapse to the tenant?
In my experience*, most leases are written to favor the landlord. Even with added clauses, the tenant is rarely treated as favorably as the landlord (or building owner) in the event of major damage, especially if the risk was somehow transferred to the tenant. >From the minutes of the last SH weekly meeting pertaining to money in the bank and elsewhere, it is obvious to the casual observer that the financial status of SH shows it not to be in a position to assume a risk that may obligate SH to a roof repair costing way in excess of 10K or a roof replacement in excess of 40K. Have you priced a roof repair on a 4000 sq ft building lately? One phone call to a local commercial roofing company will convince anyone that SH cannot afford to assume the risk of a major repair at 48 Summit St. PPP * = Five years as a full-time Property Manager for 50+ commercial properties, with responsibilities including applicant screening, lease negotiations, supervising maintenance and repairs, and initiating several evictions for non-payment, bankruptcy, and/or tenant-related damage. On Fri, Dec 20, 2013 at 10:18 AM, Seeley, Tim (PSA-Akron) < [email protected]> wrote: > It is my understanding the landlord is accepting a lower rent per square > foot because SYN/HAK is willing to pick up the maintenance risk. > > V/R > > Tim Seeley > > > > *From:* [email protected] [mailto:[email protected]] *On > Behalf Of *Philip P. Patnode > *Sent:* Friday, December 20, 2013 9:08 AM > *To:* SYN/HAK discussion list > *Subject:* Re: [SH-Discuss] roof and basement test opportunity > > > > It may be wise to add a clause to the lease that specifically obligates > the landlord to maintain the roof and basement in good order and promptly > mitigate/repair any water leaks or water damage due to roof leaks or water > seepage through the basement walls or a main drain blockage or backup. > > > > Also, check to make sure that the tenant insurance policy for SH covers > water damage due to roof leaks, wall seepage, and drain backups. Some > policies omit such water-related coverage. Much easier to get money from > an insurance company than by suing a landlord for property damages. > > > > Another non-voting, non-member, but supportive fan of SYN/HAK, > > > > PPP > > > > On Fri, Dec 20, 2013 at 8:32 AM, Seeley, Tim (PSA-Akron) < > [email protected]> wrote: > > The weather man says we are in for a three day rain. This will make for a > fairly good stress test of 48 Summits roof and basement situation. It > would be wise to hold off signing the lease to see how large of a > maintenance issue SYN/HAK will be taking on. It probably still will be a > good idea to move ahead on the project, but better to go in eyes wide open. > Having the owner come see any ill effects might offer some last minute > negotiation material. > > A non-voting suportive fan of SNY/HAK > Tim Seeley > > > _______________________________________________ > Discuss mailing list > [email protected] > https://synhak.org/mailman/listinfo/discuss > > > > _______________________________________________ > Discuss mailing list > [email protected] > https://synhak.org/mailman/listinfo/discuss >
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