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Lobby GenX Biz topic #50

Subject: "lease buyout" Previous topic | Next topic
pscownerWed Jul-11-07 03:54 AM
 
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"lease buyout"


          

My landlord wants to buyout my 4 year w/ 5 year option lease, which I am happy about. Problem is he is giving me a raw deal. He offered the other business on this property 3 times as much. The other biz is a little bit larger but its totally unfair! Has anyone ever had to deal with this type of situation?
Thanks!

pscowner

  

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Replies to this topic
Subject Author Message Date ID
RE: lease buyout
Jul 11th 2007
1
RE: lease buyout
Jul 12th 2007
2

ZeroGCreativeWed Jul-11-07 11:08 AM
 
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#1. "RE: lease buyout"
In response to Reply # 0


          

Did you use a leasing agent to lease this property? If so, give them a call and go over the details. They will be able to guide you in the right direction.

Jen Dudley
www.zerogcreative.com
Whether you need a new logo, business card, brochure or web site, Zero-G delivers incredible results at an affordable price. When it comes to your business, reach for the stars? Not your wallet.

  

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pscownerThu Jul-12-07 01:58 AM
 
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#2. "RE: lease buyout"
In response to Reply # 1


          

No I did not. I deal with the owner of the building directly. 4 months ago when he came to me about the buyout, he said I would be out of here in 4-6 months and he would get me my money back that I paid for the store. Now he changed his tune and offered my less than 1/2 of his original offer and dragged it out for 12-18 months.
But without my approval, there is no deal and in the end he will loose millions!

pscowner

  

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