CRE Lease Renewal Class C Office Space Dance Studio
Yeehaw! This office space turns into a dance studio at noon.

Current tenant was in a 350 sf improved space paying 1000 for a 1yr lease.

At month 6 the lease had a provision to increase rent by 250 after guaging the tenants business health.

At month 6 tenant stated they did not want to move into a larger space, nor did they want to incur an increase in rate. 

Month 7 - tenant complained about lack of ac for air flow for their clients. Landlord moved tenant into a much larger space at no additional cost. Tenant was extremely happy.

Month 12 - lease is set to expire, tenant is currently ina 2500 sf open space at the rate of their original lease of 1000 for 350 sf. Tenant wants to remove cubicle walls and create more open space for their dance studio. But only increase rent by 500. Tenant wants rate at 1500/month. Tenant is being rude and condescending despite landlord moving them into a larger space for the remaining duration of their current lease.

Pain points
1. The removal of cubicle walls will cost more to have them re-installed in this larger space later vs having them removed now. 

2. Tenant wants to do their own TI.

3. Landlord hasn't marketed this space proactively. Prior tenant in this space was paying 2700/month.

4. How would most of you structure this reneadvance.

*I don't bill tenants for expenses or taxes separately.

Thanks in adv.
[{"id": "ip6hzvq", "text": "I would have her sign a lease for $2500+ and then tell her all two things. 1) Renovations are on the tenant majority of the time (maybe give a free month of rent) 2) Welcome to CRE/Business Ownership", "replies": [], "depth": 1}]