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Updated about 1 year ago on . Most recent reply

User Stats

36
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Alex Martens
  • Investor
  • Rochester, NY
25
Votes |
36
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Rent Abatement Request?

Alex Martens
  • Investor
  • Rochester, NY
Posted

Good evening everyone,

A tenant of mine on a commercial property has been struggling to make ends meet with her cafe. This is not a NNN lease. Her attorney just emailed me a rent abatement request. Long story short, they are requesting to reduce the base rent from $2,000 to $850. She has been in the property for a couple of years now and is still not doing well. My stance is that is that we both signed the agreement, and it shall be adhered to. $850 is way too low to accept. After many problems over the last couple years, I really want to just let the situation take its course and get a new business owner in there. Has anyone ever dealt with this? Thank you in advance for any advice.

-Alex

  • Alex Martens
  • Most Popular Reply

    User Stats

    18,951
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    Chris Seveney
    • Investor
    • Virginia
    16,484
    Votes |
    18,951
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied

    @Alex Martens

    Try and work on some type of termination agreement with them

    When I worked for development company we would deal with this and do abatements for temporary causes but this seems like the business is not going to survive

    Be let them out of the lease and get a new tenant in there with a long term lease

    • Chris Seveney
    business profile image
    7e investments
    5.0 stars
    1 Review

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