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I just have one question, and it's mostly for Jay: Can we afford this?

Ron

On 2012-10-10 15:40, Justin Lacko wrote:
> Hello members,
> 
> I just finished speaking with the landlords, and Jake, the Remco 
> representative.
> 
> This is what we're looking at for our new lease, should we choose to accept 
> it:
> - Tenant covers gas and electricity; owner provides $1000 annually to
> cover public electrical usage
> - Revision of 6 month clause to come into effect only for the purpose
> of the building going Red River/similar-type owner (wording still
> being revised by landlord)
> - 5 year lease
> - Base rent stays at $1500
> 
> This is less than we hoped for upon negotiation as a group, but it's
> the best I could do, as the representative of SkullSpace - I got our
> point across that we have very little surplus monthy to afford more.
> We must understand that we're getting the floor for ~$2.00/sq. ft. -
> which is far less than anywhere else in this neighbourhood by a
> conservative estimate of $3. We pay $18k annually in rent. The
> landlord is making absolutely no profit on us - in fact, they're
> losing money with the current agreement. They just want us to pay our
> own electrical and stop losing money - they will be breaking even this
> way. This is about as fair as it gets. The $1500 we pay covers the
> insurance and taxes and water. Talk about upgrading the windows and
> such did occur, but it would happen at the cost of raising the rent
> substantially (think double) so the landlord could recoup the cost
> over time. Electrical metering is still being discussed but it seems
> that given that the landlord will offset the cost of public services
> with a $1k subsidy, they may just leave it as-is, and then breakout
> metering of SkullSpace and AssentWorks will have to be done (Mike
> Legary and I are in discussion about how we're going to work this).
> 
> The tough part that I need to clarify with Remco is that the landlord
> wants us to pay our previous couple of electrical bills - note that
> this is a separate issue from the lease and does not affect if we sign
> it or not, so please treat it separately.
> 
> Guys, I can't stress enough that there's no room for negotiation here
> any further concerning our lease. Either we accept this or we walk...
> I can guarantee you that you won't find a deal like this anywhere -
> you simply won't.
> 
> Therefore I am proposing that we sign the lease once it has been
> drafted and accurately reflects what I have outlined above.
> AssentWorks is already on-board and will sign the lease.
> 
> Please indicate your support by responding with a yea or a nay for
> supporting this.
> 
> I will answer questions of clarification but will not respond any
> further to asking for more concessions in the lease or responses to
> rants about how the landlord is bad because of this or that.
> _______________________________________________
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> Archive: https://groups.google.com/group/skullspace-discuss-archive/
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