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Updated about 7 years ago on . Most recent reply

User Stats

70
Posts
26
Votes
Jeff D.
  • Real Estate Investor
  • Portland, OR
26
Votes |
70
Posts

commercial lease leverage

Jeff D.
  • Real Estate Investor
  • Portland, OR
Posted

The lease on a commercial space I have rented for 7 yrs is up for renewal.   Problem is 6 months ago new building owner took over.    He is taking full advantage.   Increasing rent by 20%.    I know I have the leverage of threatening to rent elsewhere,  problem is,  with my biz (laundromat) - elsewhere is a big expensive ordeal that isn't feasible.       So other than bluffing and threatening to leave (even though i really can't),   what other leverage do i have?    

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