Ideas on a rebuttal to the following terms
Hey Bp Fam,
Im looking into accepting the terms of this deal however, Im a little hesitant because my initial request was to have at least 2 months of build out period without payment as the value I will be adding to the commercial property will increase the properties value.
Please give me your thoughts and advice on other terms that make it more advantageous.
Current negotiation from LL
Commercial lease Monthly Rent $6000
Security Deposit will be $7000 (based on last month rent of the lease term)
Six Month Build Out Period - June 1 to Dec 31, 2024
Lease to start January 1, 2025. 5 year term During the build out period the tenant would pay $3000 per month rent (June 1 to December 31, 2024)
The balance of $18,000 from the build out period would be paid back over 12 months at $1500 per month on a separate agreement. The payback will start on January 1, 2025.
At the time of signing the lease $7000 security deposit will be due. At the time of key pick up $3000 will be due.
