Comercial lease extension

Welcome to commercial leases. Everything you need to know is on the lease agreement - It's not like residential leases. Get ready to get dirty and fight for your business.

Two type of people can help: a lawyer with real estate experience (who can interpret the lease to everyday language and maybe find an out - not likely if the lease is anything normal), and a real estate broker, who knows how to negotiate with landlords - I'd probably start with the real estate broker, as you're probably going to have to get comparable quotes on alternative spaces to be able to negotiate a new lease. (Fortunately commercial real estate is in the dumps right now).

Basically put: The landlord knows it'll cost you $10k to move, so for you to stay he wants $9500.

Unless he has some personal reasons for wanting the space back, he either thinks he can get more money with a new lease/renter or he doesn't want whatever your business is in his space. If its the latter, then you can't do much, if it's about the money, then you can just make the decision as to whether you can afford the going rate for that space. Not being intimately familiar with the most important part of any business in a leased space is not your landlords problem, he's in business to make money too

BoatyMcBoatface wrote: ↑ Unless he has some personal reasons for wanting the space back, he either thinks he can get more money with a new lease/renter or he doesn't want whatever your business is in his space. If its the latter, then you can't do much, if it's about the money, then you can just make the decision as to whether you can afford the going rate for that space. Not being intimately familiar with the most important part of any business in a leased space is not your landlords problem, he's in business to make money too

basically this. probably thinks he can get more rent with current markets rates. Whether that's the case or not its what they think. Best tor try a negotiate