Looking to rent a 1800 sf spot as a sublease situation. Space has been vacant for two years. Just did an inspection of the premises and there is visible mold. If I can not get this negotiated as part of the Sub-Lanlord's responsibility, I'll be force to contend with the situation myself.
I'll be gutting the entire place. The roof was recently replaced. What are my options?
2007-03-21 09:52:29 · 2 answers · asked by minesh_99 1 in Business & Finance ➔ Renting & Real Estate
You can negotiate a reduced rent to offset the work you will have to do vs. the work they would have to do to mitigate the mold. Right now you might be able to classify it as uninhabital. That means they would have to expend monies to just get it rentable, which you would then tear out in the gutting process. Try to negotiate some split in costs. It becomes a win-win situation.
2007-03-21 10:16:22 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
Tell you what you're in for a surprise as to cost to remediation. We've helped two of our customers with similar situations one was a commercial deal and it was expensiveeeeeee.
Here why don't you go and read up on it first.
For the EPA's publication, "A Brief Guide to Mold, Moisture, and Your Home"
www.epa.gov/ http://www.epa.gov/iaq/molds/images/moldguide.pdf
And if you have mold you might as well check on these two allergens too
EPA’s web site on ASBESTOS
http://www.epa.gov/asbestos/
EPA’s web site on RADON
http://www.epa.gov/radon/realestate.html
Buena Suerte
2007-03-21 17:22:41 · answer #2 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋