Consumption and Real Estate
I rent commercial space for my business, and the owner wants to remodel, can I negotiate?
Question : I rent commercial space for my business, and the owner wants to remodel, can I negotiate?
I run a dry cleaners and which has a decent amount of equipment to move, and not to mention, the possibilty of all that dust getting on the clean clothes. Do landlords, compensate the tenant in anyway? Can the tenant demand to not pay any rent during the construction? Can the tenant really do anything?
commercial remodeling
Best answer:
Answer by sdmike
Read your lease. A well written contract will have all this spelled out. If it isn’t sddressed, then you can either refuse to let him do “cosmetic repairs” but not necessary maintenance. If you are put out then you MAY be entitled to some $ for your lost time.
It would depend on the wording of your lease.
Exterior remodelling of the building would interfere with you business slightly and you could negotiate a reduction in your monthly lease payments because of a foreseen loss of business due to the turmoil caused by the remodelling.
If the remodelling is taking place inside (?) I wouldn’t understand why this would be happening because you are leasing the space and it doesn’t concern the landlord. Tenant improvements are just that, usually the responsibility of the tenant.
If the lease did not allow provisions for the landlord to renovate then what the landlord is doing is contrary to the lease and you can negotiate whatever you can possibly get – or allow you to rescind the lease.
Anything that is outside your control that impacts your business during these renovations should be considered in these negotiations.
Hope this helps…