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All Forum Posts by: Khaled Seirafi

Khaled Seirafi has started 66 posts and replied 120 times.

Post: Structural Engineer Plans Liability

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi. Planning on doing a massive plumbing, electrical, and remodeling job for a 2 story mixed use building my family owns. My question is that is it an industry standard for structural engineering firms who draw up the architectural plans for the work to require clients to agree to limit the firm's liability to $20,000? Does this mean that they won't even be liable for any potential issues with the plans they put together ("direct, special or consequential damages")? 

"Owner agrees to limit the liability of ------------- and its employees and agents to the Owner and to contractors and subcontractors on the project, for claims in contract, tort or warranty to the sum of the amount paid for services or $ 20,000.00 which ever is higher. Under no circumstances shall ---------------- or its employees and agents be liable to owner for direct, special or consequential damages, including but not limited to loss of use, loss of profit or claims for delay damages made by contractors or subcontractors." 

Post: Not renewing lease for commercial tenant CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

@Joel Owens

Great advice! Thanks!

Post: Not renewing lease for commercial tenant CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

@Alex Bekeza

Thanks, those are some good ideas too!

We still haven't decided what type of tenant we'd like in the future. But possibly a sandwich shop or nail salon. We still have a lot of work to do in terms of repairing and improving the place so it's ready to be put on the market.

@Joel Owens

I'm having our attorney handle this whole thing. We will provide 60 day notice even though California only requires 30 days. These tenants do not have an option to renew.

As for the actual equipment, we're not wanting to sell it. Just to get rid of it. So we'd be more than happy if a restaurant equipment place stops by to pick it up. 

Post: Not renewing lease for commercial tenant CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

@Jeff Kehl 

@Scott Rogers

Good idea...

Post: Not renewing lease for commercial tenant CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

@Jeff Kehl Thanks for your response. I wish it were as easy and cheap as putting the items in a dumpster. We're talking the big liquor store style refrigerators which would never fit in a dumpster and need to be hauled off in a truck which, in the Bay Area, will get pretty expensive I'm sure. 

Post: Commercial Tenant Lease Expiring, not renewing CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi all,

My family owns a commercial space in a building in California. Their lease is coming to an end in September and we're not going to renew it nor are we going to allow the tenants to sell the business. It's a liquor store and we're trying to clean up the property.

My question is how can I ensure that the tenants will actually remove all their personal belongings (refrigerators and counters mostly)? The lease does state that any fixtures are considered the tenant's personal property. They're pretty nasty tenants and I'm expecting that they're going to make this as difficult as possible for us. They've been in the property for 30 years and don't want to leave.

Any thoughts?

Post: Not renewing lease for commercial tenant CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi all,

My family owns a commercial space in a building in California. Their lease is coming to an end in September and we're not going to renew it nor are we going to allow the tenants to sell the business. It's a liquor store and we're trying to clean up the property.

My question is how can I ensure that the tenants will actually remove all their personal belongings (refrigerators and counters mostly)? The lease does state that any fixtures are considered the tenant's personal property. They're pretty nasty tenants and I'm expecting that they're going to make this as difficult as possible for us. They've been in the property for 30 years and don't want to leave.

Any thoughts?

Post: Commercial Tenant Lease Expiring, not renewing CA

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi all,

My family owns a commercial space in a building in California. Their lease is coming to an end in September and we're not going to renew it nor are we going to allow the tenants to sell the business. It's a liquor store and we're trying to clean up the property. 

My question is how can I ensure that the tenants will actually remove all their personal belongings (refrigerators and counters mostly)? The lease does state that any fixtures are considered the tenant's personal property. They're pretty nasty tenants and I'm expecting that they're going to make this as difficult as possible for us. They've been in the property for 30 years and don't want to leave. 

Any thoughts?

Post: Bay Area (San Mateo) contractor needed

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi there. My family owns a mixed use residential/commercial building in San Mateo that requires a major plumbing job. We're looking for a contractor who can redo the floors, kitchens, bathrooms, and possibly electrical. If you're a contractor, would love to hear from you. Otherwise if you know one in the area, please let me know. Many thanks!

Post: Release of Commercial Tenant California

Khaled SeirafiPosted
  • Investor
  • Orange County, CA
  • Posts 125
  • Votes 29

Hi all,

I have a commercial tenant who's been leasing a space in our building (in CA) for his deli/liquor store for 25 years. Over the past 5 years, we've renewed, updated, and remodeled the building to attract better quality tenants (we have 5 residential units upstairs and another commercial unit). The deli/liquor store lease is up in September 2018 and we don't want to renew their lease, nor do we want to allow the tenants to sell the business to someone else. 

I haven't notified them of our intent yet, but will be doing so soon. What's the best plan of action to take to ensure that all goes smoothly? And how long before the expiration of the lease should I notify them? 

Thanks!