Any members leasing commercial retail space in malls or street locations ?
A girl friend that owns a store called " Flavor Hall " here in town, gave me a good tip to include a schedule in a retail street store lease agreement. It was:
"Right of First Refusal"
this means that if the owner of the building puts the building up for sale while you are leasing space there, you are the first in line to Buy the building if you want.
the good part about this is. She told me that even if you don't end up buying the building, the interested party that wants to buy it may give you a lump sum $$ for you to give up your " right of first refusal ".
That bluuuuu my mind.
Any other tips about lease agreements ? ...in malls, street etc ?
A girl friend that owns a store called " Flavor Hall " here in town, gave me a good tip to include a schedule in a retail street store lease agreement. It was:
"Right of First Refusal"
this means that if the owner of the building puts the building up for sale while you are leasing space there, you are the first in line to Buy the building if you want.
the good part about this is. She told me that even if you don't end up buying the building, the interested party that wants to buy it may give you a lump sum $$ for you to give up your " right of first refusal ".
That bluuuuu my mind.
Any other tips about lease agreements ? ...in malls, street etc ?