Renegotiating NNN lease for healthcare small business
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[{"id": "hw1magv", "text": "This is a question for a real estate attorney. S far as what you mentioned: it sounds like your issue is with property management. Have you spoken with them? They should be who you're taking to anyway, not the owner.", "replies": [], "depth": 1}, {"id": "hw2tmrg", "text": "I've found it helpful to pencil out your obligations as agreed to in the original lease, along with any signed amendments. Use the amounts, timing, and categories directly from the agreements. It's possible that you are confusing property management fee with something called common area expenses (CAM), operating expense, or something similar. These are amounts that, according to the lease if this language exists, that you are reimbursing the landlord for - usually actual amounts on a pro-rata basis. NNN (aka triple net) leases mean only whats contained in the specific documents - it isn't a universal definition, so utilities or CAM may be your responsibility. \n\nOnce you have the first year outlined you'll get a better sense for the fixed and variable costs that should be included monthly. If the fees are for expense reimbursements (see above) your lease may specify that you have to be provided a detailed breakdown. I'd advise checking the math on this carefully; especially your share of total, responsibilities for vacant space in the building (is this being adjusted and paid for by the owner), and if an additional fee to the actual invoice amount can be added by the owner. \n\nIf you have a right for signage in the lease than tell ownership you intend to exercise it, likewise if the document doesn't obligate you to yellow page ads explain that you aren't interested. \n\nHope this helps, I'm sure the increase in monthly expenses and interaction with the landlord/property manager hasn't been fun. I've found that sticking with the dry facts can help these situations from both sides.", "replies": [], "depth": 1}, {"id": "hw9zh3h", "text": "Who was your broker?  You may reach out to them to see their recommendations (also likely \"involve lawyer\", but they may be able to reach out to the landlord's broker to discuss options).\n\nIf you didn't have a broker/agent on your transaction that worked on your behalf under an agency agreement, then that should be your second call after calling a lawyer.\n\nHope you get a resolution soon", "replies": [], "depth": 1}]