 lease for resturant (by Carmen Billups [NY]) Jan 4, 2016 9:25 AM
 lease for resturant (by Frank [NJ]) Jan 4, 2016 10:26 AM
lease for resturant (by Pattyk [MO]) Jan 4, 2016 11:11 AM
lease for resturant (by Vee [OH]) Jan 4, 2016 1:24 PM
lease for resturant (by TahoeGal [CA]) Jan 4, 2016 4:11 PM
lease for resturant (by Pmh [TX]) Jan 8, 2016 3:54 PM
lease for resturant (by Carmen Billups [NY]) Posted on: Jan 4, 2016 9:25 AM
Message:
State Specific Question About: NEW YORK (NY)
Rent a restaurant out for a first to a lady who will be responsible for place, security system, sign, equipment,utilities....what else to be added
What is a good lease, what are guidelines for business;what is to be expected...have experience with housing rentals ...not businesses
Please offer info on what to expect, what to do...EVERYTHING TO KNOW... --96.243.xx.xx |
lease for resturant (by Frank [NJ]) Posted on: Jan 4, 2016 10:26 AM
Message:
is this a do it yourself, seat of the pants kinda situation?
Your [shouted] "need to know everything!" tells me you know nothing about it
you either pay the lawyer NOW to do a proper commercial lease for a restaurant operation or pay the lawyer later when you and the tenant are at each others throats, the store is empty, filthy, and filled with all their equipment and it will cost you ALOT of $$ to deal with THAT issue.
Good luck --173.54.xx.xx |
lease for resturant (by Pattyk [MO]) Posted on: Jan 4, 2016 11:11 AM
Message:
you need a commercial lease,,, lots of expenses regarding trash and parking lot, etc, will be on the tenant. To much for my pea brain! Hope someone will come along with a good resource for you. --184.206.xxx.xxx |
lease for resturant (by Vee [OH]) Posted on: Jan 4, 2016 1:24 PM
Message:
Have a lawyer write a triple net lease legal in your local area, too much variation to borrow one for the diner down the road in another county. --76.188.xxx.xxx |
lease for resturant (by TahoeGal [CA]) Posted on: Jan 4, 2016 4:11 PM
Message:
This is absolutely not a do-it-yourself document, nor can you just modify a standard lease. Commercial leases (and specifically restaurant space leases are specifically written to address issues that pertain to this type of LL-Tenant relationship only.
Frank (NJ) above is correct. Pay an attorney (one who represents commercial LLs) for advice now or pay for one later when there is a dispute.
P.S. I manage three properties with restaurants. --98.244.x.xx |
lease for resturant (by Pmh [TX]) Posted on: Jan 8, 2016 3:54 PM
Message:
I would be more curious about her experience running a restaurant and would want to see her business plan and also require proof of cash reserves and require escrow account of at least 6 mos rent. restaurants cash flow maybe 5% which doesn't leave a lot of room for fluctuations in business levels to be able to pay rent. must by triple but good luck collecting without escrow and stringent no pay no stay and also ensure you have right to seize assets to go to satisfy unpaid rents. see a lawye. --166.137.xxx.xxx |
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