Commercial space questions

[CamBarr]

Hey guys,

looking as some retail locations for an investment and I rarely get into this side of things but I was wondering if you could help me out with a couple of questions.

Triple net questions. And also property location to sq ft value. Anything I should look out for before my client signs a 2 year lease???

Thanks

cb

 

[laverda]

Personally I would avoid a triple net lease unless you really can't. Get an out in case the business does not work out. Ability to sublease at a bare min. Make it contigient on getting conditional use permits, business license and what ever else they will need. Possably signage?

 

[littlevietnam]

I thought triple net is a add on fee for the common area service, like repair and clean.

 

[CamBarr]

yes youre right tripple net covers common area service, paint ect. my exact questions what can and cant it cover???? i guess that will be adressed in docs???

 

[tmplge]

If your an investment broker, dont you think this is not the best time to make the most profit on an investment? How do you feel the market is going to move within the next 3quarters?

 

[littlevietnam]

Can you sign a contact that give you a option to cancel the contract after certain period of time if the business doesn't work out. Example: 5 years with five years option, but the store owner have the option to end the contract or pull out after 1 or 2 years if the business is not working out.

Is this possible ?