Worried about the lease

[KevTransAm]

Ive been looking into buying a mat, the one thing that scares me is a lease. At any point once the lease is up the landloard can just throw you out right?

With a good attorney is there a way to save yourself the problem? Before you buy a mat is there a way to guarantee that your lease would be renewed once expired?

[Jim]

Originally posted by KevTransAm
Ive been looking into buying a mat, the one thing that scares me is a lease. At any point once the lease is up the landloard can just throw you out right?

With a good attorney is there a way to save yourself the problem? Before you buy a mat is there a way to guarantee that your lease would be renewed once expired?

Welcome to the business world......there is nothing an attorney can do once your lease is up...
Suggestion: Don't worry about it......S_ _ _ happens...get the best lease you can, run the business the best you can, and be nice to the landlord.....Everything else will fall into place...
To borrow a line from Pete.....It's a crap shoot....

[mike]

The only thing that you could do at the beginning of a lease is to put in a clause that ALL fixtures and utilitity connections, (ie. plumbing, ventilation, electrical, air cond. etc) remain the property of the LESSEE and may (lessee's option) be removed by him at the end of the lease.

Even if you don't choose to renew at that time, you have "something " to sell the landlord or new owner, if YOU decide not to stay.

[pete f]

Jim, I think I like that one.
"It' s not that easy, it is a crap shot"

In some cases you end up with a landlord. Try to figure if the landlord is in it for the rent money, ie, wants an income and is old, or maybe a an up and coming type, like he may want your mat in 5 years.
You can usually get "first option" every 5 years for a number of years, say 3 of them or so. Most won't commit to a price for more than 5 years at a time, so you might take a hit every 5 years on rent IF the surrounding area real estate market booms.
Try to stay with CPI increases, that is inflation. Watch for triple net, though you can rarely avoid them, yet you should understand you may be buying part if the roof when it needs a new one. Go back and read history books, about the Kings and the peasants. You will become a peasant, working for the king, but you will be a lucky peasant, being able to make a higher amount than others due to your hard work and luck.