Potentially moving my store into a brand new building. Currently it is 4 walls and a roof being leased out into 6 units. Am I responsible for installing a bathroom, hot water tank etc or the landlords responsibility?
[{"id": "el4799i", "text": "Most of the time the landlord will offer an allowance ($/sf) for tenant improvements.", "replies": [{"id": "el4awhw", "text": "Could you explain the usual process , sorry the other two stores I leased were finished so this is new too me.", "replies": [{"id": "el53a3c", "text": "It is negotiated in the lease.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "el4bgxa", "text": "I hate to be that guy but... hire a quality retail broker who knows your local market, and they'll be able to help you navigate the process. Brokers, in addition to experience, have contacts with everyone from architects to contractors that can build out your space to suit your needs, and negotiate the lease with the landlord so that you're not paying for it out of pocket. These types of tenant build-out expenses are budgeted right into the landlord's financial pro forma already, and a good broker can help you maximize what you'll get from them.", "replies": [{"id": "el4joov", "text": "You are not being that guy lol , solid advice thank you.", "replies": [], "depth": 2}], "depth": 1}, {"id": "el50oac", "text": "I hope not. You need your bathroom to meet ADA code and can cost time and money to make compliant. \n\nWhen does your lease start? Ideally you would get free rent for the build out until the work is completed, otherwise you will pay rent on a space you cannot even use. \n\nIs it zoned for retail activity? You may also need to change the zoning and make sure you meet parking requirements. \n\nWhen does your current lease expire? It may take 6-9 months for the new space to be ready depending on if you or the landlord does the work. \n\nThe lease will spell out if you are required to do the buildout or if the landlord is. If you are required to do the buildout the lease will specify which contractors you are to use and also ensure that they pull the necessary permits and have the necessary insurance.", "replies": [{"id": "el5jvo6", "text": "We went today to look inside the space , so the toilet is plumbed , 4 walls and a breaker box that is all. The real estate agent said the landlord is offering 10 dollars per sq foot for TI . The space is 1388 sq feet . We have our own fixtures so as for reno's,  toilet, bathroom walls /door, painted walls , 4 hanging pendant lamps and some electrical receptacles. The only thing the agent didnt know was about HVAC,  there is a single hvac but no vents to any of the units. We think it would be better to just get those done by the landlord aside from paint.\n\nThe builders originally built this to be sold and it has not , it has sat empty for about a year. They are now offering leases, so I assume they someone to move in to get the ball rolling. Does this put us in a position to ask for a little extra ?\n\nOur current lease ends Aug 1st", "replies": [], "depth": 2}], "depth": 1}, {"id": "el5le9w", "text": "What kind of credit do you bring? Is the rest of the place leased out or are you the only one? Is there enough parking? Who are your target customers? What is the traffic counts on this location. Is your business growing or contracting? How does your current lease compare with your new lease? Have you talked to your current landlord about renewal options? When would you have to tell him if you plan on renewing or not? Can you afford to close your store for three months if the repairs are not ready in time? If they planned on selling the condos, will you get first right of refusal in your lease, if so at what price? Is it a nnn lease or a fsg lease? Are there cam fees? Are you in a different tax jurisdiction? What are your signage rights? Are there cotenancy clauses? What is the holdover rate on your current lease if your other space is not ready in time? Do you have employees? Where will they park? Can you load up your retail goods in a secure way with little hassle? Is there a school nearby that will mess with your parking?", "replies": [{"id": "el5unl0", "text": "Credit is a non issue . Currently paying 5000 a month for 3000 sq feet in an industrial park which made us a destination location. The new location is 3200 a month all in including oe/t but is located on one of the busiest streets . 50 parking stalls for 6 units . Neighbouring buisness is a strip mall , McDonald's  and a chain grocery store. Currently the store is very busy but just can't push it forward being in an industrial park with nothing bringing in additional customers. We would be the first tenants , current lease has option to renew minimum 6 months. We have overflow storage of two 40x8 sea cans . The plan is too sign a 3 year lease and sell the buisness in 2.", "replies": [{"id": "el5unwe", "text": "Hey, BoxPunch\\_, just a quick heads-up:  \n**buisness** is actually spelled **business**. You can remember it by **begins with busi-**.  \nHave a nice day!\n\n^^^^The ^^^^parent ^^^^commenter ^^^^can ^^^^reply ^^^^with ^^^^'delete' ^^^^to ^^^^delete ^^^^this ^^^^comment.", "replies": [{"id": "el5uo5k", "text": "Hey /u/CommonMisspellingBot, just a quick heads up:  \nYour spelling hints are really shitty because they're all essentially \"remember the fucking spelling of the fucking word\".\n\nAnd your fucking delete function doesn't work. You're useless.\n\nHave a nice day!\n\n[^Save ^your ^breath, ^I'm ^a ^bot.](https://www.reddit.com/user/BooCMB/comments/9vnzpd/faq/)", "replies": [{"id": "el5uobj", "text": "Hey BooCMB, just a quick heads up:\nI learnt quite a lot from the bot. Though it's mnemonics are useless,\nand 'one lot' is it's most useful one, it's just here to help. This is like screaming at\nsomeone for trying to rescue kittens, because they annoyed you while doing that. (But really CMB get some quiality mnemonics)\n\nI do agree with your idea of holding reddit for hostage by spambots though, while it might be a bit ineffective.\n\nHave a nice day!", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "el6l0we", "text": "If you plan on selling the business, you may want to sign a longer lease as below market rents will increase the purchase price, or put in two five year options to renew at a fixed rate after the 3 year term. Or the option to expand into one of the other units after a year. Having flexibility to expand is nice as not having flexibility costs you money. So plan for that now. \n\nSounds like you are in pretty good shape. Good luck.", "replies": [{"id": "el6r0wv", "text": "Thank you for all your help, it was very kind of you.  All the best to you my friend .", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]