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Old 8th May 2008, 10:57 PM   #190 (permalink)
hiii98
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Join Date: May 2008
Location: At a salon near you.
Posts: 448
Default Re: going to buy a distressed salon

Quote:
Originally Posted by Din View Post
The laws are always in favour of the tenant. Don't think the landlord can have his way. You have way more rights than they do.

Landlord is going to make your life a living hell ...how? You have a binding lease, he can't do Squat to you or your rent!

I'm in the landlord business myself, and never truer words were spoken. Its irritating how much the law IS in favor of the tenant... irregardless of how irresponsible or how many missed payment the tenant makes its like the law protects them. The lease is a decent shield. The building is all on one meter is my understanding and that is why electricity is not seperate. The mini-mall building is 6 years old and looks nice, but i'm sure it was slapped together cheaply. I visit with my realtor tommorow to write an offer or to walk on this deal. Any suggestions on what to offer? I will try to get pictures too. Also if things just wont work out i could open my own store from scratch.... but honestly i dont want to and would rather remodel. Feels to me like less risk , less up front capitol (but also less reward)
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