Mar
04
I am stuck in a commercial lease for 9 years if i make an offer to settle how much of the total rent should i?
By
Related articles:
- can the owner of the commercial property lease/rent by himself? or does he have to have a broker/agent/property manager for that??? I need a DC language ( yes property is in DC), if you can help me to find...
- how to write an offer letter to lease a commercial property? Hi All! Could anyone advise on how to write an offer to lease a commercial property? Is there any samples that I can use to write one? Thanks for...
- I am stuck in a commercial lease. I am unfit to run a business due to ill health how can i get out of the ? Lease agreement?Quick Property Sale ...
- I sign a commercial lease which has 9 years to run at £11,000 PA I assigned it to others who have since gone ? bankrupt the landlord is asking me to pay the rent I dont have it. What I want to do is borrow one sum to pay him off what would...
- Where can I find a list of Commercial Properties for rent or lease in RI? I need to advertise for a commercial property for rent. The sign on the street isn’t working. Where do I advertise for it? Websites or publications. Any help would...
3 Comments
May 27th, 2009 at 7:31 pm
The true answer is where the building is and what it could also be used for. In my area of the country many buildings are empty so the owners are looking for the most funds and close too the contract total. If your area is better try up to but not past two years.
May 28th, 2009 at 5:28 pm
Ask the owner to find another person to take over the lease. You only pay until another is found.
May 29th, 2009 at 9:08 am
You should approach the landlord and explain that you would like to terminate the lease early and with his permission attempt to find a replacement leasee – either by word of mouth or placing ad ad in the local paper or contacting the local commercial estate agents.
If you are in a prime location, this will be easier than if you are not unfortunately in the present economic climate.
Anyway, it would not cost you anything to explore what options may be out there. If you are up front with your Landlord, it will put you on a better standing with him that if he were to find out from someone else, or worse still by seeing an advert somewhere!
The positive side to this would be that the Landlord has contacts for another tennant or even may consider selling the site for some sort of re-development – in which case you would be doing him a favour!!
Good luck!