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#455707 - 12/01/16 12:52 PM lease term suggestions
len f Offline
Junior Member

Registered: 12/01/16
Posts: 1
Loc: ohio
Hi there,
I recently acquired an elementary school and have an opportunity to lease it to a Charter school.
I would appreciate any feedback and recommendations regarding suggested price per sq ft as well as general lease structure.
Your thoughts would be appreciated
Regards,

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#455709 - 12/01/16 11:42 PM Re: lease term suggestions [Re: len f]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7870
Loc: Vermont's North-East Kingdom
You ought to consult an Ohio Real Estate Attorney . . . . or if you don't want to spend the money for that, review the Forms and concepts available through www.LegalZoom.com !

Here's a Primer:

Negotiating Commercial Leases

For price per sq ft, evaluate what other Lessors (LandLords) in your area are asking (and getting) in your area. What are they requiring for a Security Deposit . . . . and what alterations will the Lessees (Tenants) require you to make to the property to make it suitable for their purposes ?

For Terms and Conditions, the Charter School probably has an Attorney on its Board and already has lots of special Conditions that they'll be expecting you to accept. These will be for their benefit, and you'll want your own Counsel to review and propose what's best for you . . . . regardless of whether you're dealing with a not-for-profit.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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