Wednesday, December 11, 2013

Contract Negotiation

We are finding that bottle neck that can slow everything down in our endeavors is lease contract negotiation. The owner of the building has been perfectly agreeable with all of our requests.  We've made several changes to the lease document and have gone back and forth for approval several times.
It seems to be the last hump to get over before we feel like we are finally settled.
The types of things we are changing are dealing with occupancy percentages as it relates to utilities and other things of that nature. We've had a lot of help from friends in the commercial real estate business which has proved invaluable. The contract we were first handed has very different stipulations than the current document to be signed. These changes we would have likely never even suggested without that advise.

Now just to sign...

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