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 Message 29865 of 39187 in General Discussion
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Subject: Re: I'm leaping off a cliff, building my wings as I fall...
From: Josh
Posted: Wed Sep 13. 2006, 02:59 UTC
Followup to: "I'm leaping off a cliff, building my wings as I fall..."  by funksouldiva  (Wed Sep 13. 2006, 02:21 UTC)
I have no experience as an owner, however I can tell you that you should be 
VERY concerned about your renewal option. Although you definitely don't want 
to get stuck in an overpriced lease, if you think you're getting a good deal 
(and you should definitely do your research) relative to what other commercial 
propery in the proximity is costing per square foot, then you will want to 
have gauranteed options to renew at a pre-set price. A good lease can actually 
be equity if you end up deciding to sell down the road, plus you don't want to 
build a nice business, and have your landlord double the rent on you five 
years down the road after he sees the nice profit you're pulling in.

-- 
Cheers! - Josh @ BarSim
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http://www.barsim.com
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