Why you should not agree to a month-to-month commercial lease.
By Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea
FIRST, WHAT IS HAPPENING IN THE COMMERCIAL DISTRICT OF CARMEL-BY-THE-SEA? Just heard another retailer who tried to get an extension of her commercial lease in Carmel-by-the-Sea, but the landlord was only willing to give a month-to-month lease. Photo: Please click on photo to visit my Carmel Real Estate website. There are several reasons why landlords don't want to give longer leases right now, even to those who have been excellent tenants: 1. A lot of shorter leases were signed during the downturn of the market just to get spaces filled. Naturally, the leases were very advantageous to the tenant. 2. Quite a few buildings changed ownership recently with a high price tag. These new owners are looking for tenants with deeper pockets. 3. Several buildings will be going through major reno...
Comments
5