Hi Maggie This is a lot of info to type out. I have negotiated many leases and there's a few factors that you should consider. If you want, email me your number and I can share what I know with you
Shawn Wilson Exquisite Nail Boutique On Feb 4, 2011 1:08 PM, "Maggie in Visalia" <[email protected]> wrote: This is not the first time I've had to deal with a leasing agent-- but it IS the first time I've tried to negotiate a shrewd deal for my space-- and I could use some advice/help. I'm half way through my 2 year lease in a prominent property in our downtown district. I'd LIKE to stay here indefinitely. And I'm sure that the landlords will most likely just not notice me at all as long as I continue to pay my rent. They'll just let me go month to month at the end of my lease. However I would like to lock in my rate for as long as they'll let me and ensure that they won't suddenly decide that having a nail tech in their building is no longer to their liking. AND-- and here's where it's getting tricky-- I am making a play for expanding into the office space next door to me which recently became vacant. Now here's where I start encountering the madness that is the way things are done with the building: The leasing is handled by one company. The management is handled by another company. And the owners are 3 prominent businessmen in the area who have little to do with the actual property other than collecting money. The leasing includes a "load factor" which essentially boils down to being charged for additional square footage to account for common area maintenance-- they don't do "triple net" or "CAM" fees-- they just charge for more square footage than you actually have. Which is fine because I hate leases that leave you not knowing how much you will owe each month! BUT I have no idea how they determine this "load fee" and the leasing agent seems reluctant to divulge the "complicated mathamatical formula"-- probably because they just pull it out of their butts. For instance: the space I rent is really only 218 square feet. But my lease says 250 sq ft. The leasing agent's website lists two other offices on the same floor THAT ARE EXACTLY THE SAME SIZE AS MINE as being 250 square feet-- and the one next door that I want? they have listed as 287 sq ft. WTF?! The (leasing agent's) problem is that I have gotton close to my neighbors on the floor and we ALL know what eachother pays in rent. So now I'm trying to negotiate a rate for the rent for both spaces for the next SIX YEARS based on what the massage therapist next to me is paying-- which is 5% less than my current rate. And that's the rate she was offered without negotiation or committment to a long term lease! But the leasing agent seems to have almost no personal knowledge of the building or the individual suites here. And whenever I bring up any information she just BS's her way through it like I'm being unreasonable. It is not going to break my heart to walk away from the extra space. I've been doing just fine so far; no reason to nearly double my rent. But I'd like to take it if I can get them to agree to the same rate as the neighbor. Does anyone have any advice for negotiating with leasing agents? Maggie Franklin: Owner & Artist, The Art of Nailz <http://artofnailz.info/>, Visalia CA * "Visionary rebel dreamer; obviously way ahead of my time." *Maggie Rants [and Raves]@Nails Magazine <http://blogs.nailsmag.com/maggie/> Facebook <http://www.facebook.com/onykophile> -- You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]<nailtech%[email protected]> . For more options, visit this group at http://groups.google.com/group/nailtech?hl=en. -- You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/nailtech?hl=en.
