We are building an espresso shop/deli building (or it could be offices, etc.). We have a ready, willing and able tenant that very much wants to move into the spot BUT we're unsure what is our responsibility and what is his. We are prepared to provide a "finished" building, meaning a tiled floor, painted sheet rock, trim, basic lighting, standard and 220 electric outlets, windows, doors.
Anyway, where can I learn more about responsibilities of landlord and tenant in a commercial situation. I think you might call this a "build to suit" lease.
We want to make sure that everything is buttoned up and there are no loop-holes. Just in case... Appreciate any insights.
2007-02-13 03:01:54 · 6 answers · asked by WonderWhy 2 in Business & Finance ➔ Renting & Real Estate
Contact your state real estate commission, and ask them for the training material the realtors use. There is a book called principles of real estate that is great. It covers all the legal and ethical resposibilities of each party.
2007-02-20 02:51:46 · answer #1 · answered by Anonymous · 0⤊ 1⤋
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2016-07-19 16:42:44 · answer #2 · answered by Jarrod 3 · 0⤊ 0⤋
You should consult a real estate attorney for the specifics of your lease. Every market is different. In NY where I'm from the landlord is responsible for structural repairs and insurance. The tenant is responsible for maintenance, taxes and utilities. This is called a net lease. You should speak with landlords, tenants and commercial brokers in your area. This will give you a good feel about what's going on in your area. Once you have figured out what type the terms ofthe lease are you should then contact an attorney to put together the lease.
2007-02-13 06:08:25 · answer #3 · answered by tianaramal 4 · 0⤊ 0⤋
You might want to contract with a commercial leasing agency to releave you of the burdon of the details of the deal.
2007-02-17 18:33:07 · answer #4 · answered by annazzz1966 6 · 0⤊ 0⤋
Try calling real estate agencies. Also, make sure your building is zoned for commercial use. If you have a real estate agent, they may be able to help.
2007-02-13 03:07:47 · answer #5 · answered by Cam K 1 · 0⤊ 0⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?vbpR
2016-07-11 17:47:46 · answer #6 · answered by Vonda 3 · 0⤊ 0⤋