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Updated over 7 years ago on . Most recent reply

How do I get a rental commitment now?
Hey folks,
Closing on a retail space at the end of September and have interest in renters who want the space for a two-three year rental commitment, but not until December...that means two months of vacancy in a hot downtown retail space. These renters seem reliable and long-term types, but I hate that the space sits empty in a downtown with little open retail space. My question is, should I:
1. Accept the December start date and leave it at that?
2. Ask them to pay for some of October / November otherwise I can't do the deal?
3. Keep looking for a new renter and accept them in December if I can't fill it
How would you approach the renters and what would you say?
Thanks everyone!
Most Popular Reply

I'd do something like @Michael Plante suggests. If they go through the screening process and get accepted, I'd tell them it yours in December, if available. But that I would continue to market and show the property. If I get an acceptable applicant who's willing to move in sooner, the first applicant gets a right of first refusal. They can choose to start the lease at the earlier date or I will lease it to the new applicant.