Talk to me about improvements, as a landlord
Hey folks!

I’m an entrepreneur and currently looking for some flex space.  We’re profitable, would make solid tenants...

But this is my first dabble into this arena.  We’ve mostly rented garages for storage up to this point.

How do improvements requested by the tenant factor in?
[{"id": "f7hny26", "text": "A listed rent is typically for an \"as-is\" deal. Landlord's may tell you if they do any improvements work that you will have to pay higher rent. You can always ask for a Tenant Improvement Allowance from the Landlord, but they typically will not want to put their own money in unless you will be putting in 3-4x their amount. The payback period for the Landlord should be 1 year for a 5-year lease and up to 2 years for a 10-year lease. They will view the improvements as an investment/loan for your business, so don't be surprised if they ask to see your books. You know you will be a good tenant, but you will have to prove it to the Landlord if you want them to not only lease their space to you on a commitment of future payments but to invest current money into your improvements.\n\nOn shorter leases, most Landlords will prefer to offer a free rent period (separate from free fixturing/buildout period) to offset some of the initial buildout costs. Some Landlord's will only offer free rent periods even for 5 or 10 year leases.", "replies": [], "depth": 1}]