Yes. I don't remember the exact percentage increase, but it's a small percentage increase each renewal from our current rent. Given the way Austin is growing, that felt the safest route to protect against rising rents in the future!
I also have an additional 5 year renewal option, but with no rent protection; so depending on market rates then… who knows? :) Shelley ---------------------------------- "To go fast, go alone. To go far, go together," they said. Now they say, "To go farther, faster, go to Orange Coworking." ---------------------------------- Orange Coworking 2110 W Slaughter Ln #160 Austin, TX 78748 http://orangecoworking.com Take a virtual tour! --> https://goo.gl/maps/gkwCTLf4mp22 (512) 887-4469 On Thu, May 11, 2017 at 11:04 AM, Jerome Chang <jer...@blankspaces.com> wrote: > 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 <he...@orangecoworking.com> > 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 > --- > 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. > > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to a topic in the > Google Groups "Coworking" group. > To unsubscribe from this topic, visit https://groups.google.com/d/ > topic/coworking/1WiVVuJv4pI/unsubscribe. > To unsubscribe from this group and all its topics, send an email to > coworking+unsubscr...@googlegroups.com. > For more options, visit 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 coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.