All Forum Posts by: Courtney Nguyen

I think we will want to post it as close to the road as possible so drivers can see. And maybe something sturdy like a post like that yellow sign in the picture you posted?

Thanks.

0 Votes

Hi all,

So during traffic hours we get lots of cars stopping blocking the entrance to our parking lot. One of (we have a total of 9) tenants complained that it affects his business and asked us to install a sign that says: Do Not Block Driveway. I think this is a reasonable request. However, the way I see it is that there is no way we can enforce it. We can install the sign and it's still up to drivers out there to read and comply. Because we are very close to a traffic light and a major highway people have to stop because they have to stop. I don't see any other retails strips close to us doing this and they are being affected too. We are not the only one. Has anyone dealt with this kind of issue? What did you do? We are totally within our limit to install such sign if need to and don't need to check with anyone on this, right?

Any advice/tips is greatly appreciated. Thanks!

0 Votes

@Nathan Gesner you posts are very helpful. I always enjoy reading and learning from your posts. Thanks Nathan and happy holidays!

1 Vote

Yes, the quote above is only from the Special Provisions section. I will need to look in the lease too to make sure it doesn't call for a different method of delivery.

Thanks.

0 Votes

Boston, Massachusetts

Quote from @Ronald Rohde:

Quote from @John McKee:

Courtney,

PM me and I will send you a lease extension example. Then you can decide If it's something you can handle on your own.

Be sure to deliver it properly, we just had a client today as Tenant send in an email renewal notice. LL ignored him. Lease required certified mail for any renewal notices to be proper.

Hi Ron. For this tenant the lease only said 'If Tenant desires to renew this lease, Tenant must notify Landlord in writing of its intention to renew on or before the date which is at least six (6) months prior to the expriration of the Initial Term of this Lease'.

So I guess in this case an email renewal notice from Tenant is ok?

And it turns out we did sign an amendment with them in which we agreed to extend the lease to next year so I don't have to worry about this now. But still need to know so I will act accordingly next year.

Thanks.

0 Votes

Boston, Massachusetts

Quote from @John McKee:

Courtney,

PM me and I will send you a lease extension example. Then you can decide If it's something you can handle on your own.

Hi John,

I just PM-ed you. Thanks!

0 Votes

Boston, Massachusetts

Quote from @Brock Mogensen:

You can negotiate the terms of the lease on your own, but I suggest having an attorney review/create the lease amendment/extension. Many of the terms may already be dictated by what's in the current lease. Make sure to check that there aren't any extension options within the current lease. If there are no extension options, this is your chance to add value. Perhaps their rent is below market, or they had carveouts for certain expenses in the CAM. Speaking with a local broker that is familiar with NNN leasing is also a good idea to make sure that you are charging the market rate on everything.

I know from residential side our agent will prepare a lease extension for us and tenants to sign. On commercial side I am still pretty new and have never renewed a lease before. From what you said above it sounds like it's the same with commercial lease, that if we have an extension option and if tenants choose to stay and renew then all we need to do is to do a lease extension form?

0 Votes

Boston, Massachusetts

Quote from @Jade S.:

Quote from @John McKee:

There is always something to learn as I add to my checklist. One of the things that I need to do a better job is to button up future leases on the HVAC system. Some of the leases I have inherited are vague on the responsibility of these systems. Typically the tenant will maintain and repair and the landlord will replace. What I come to find out is that some of my tenants have done a poor job of maintenance, thus shortening the life of the unit. So going forward we will implement an amendment to the lease to insure the tenant has secured a semi annual maintenance contract. In some cases the cost of the unit will be shared by both parties.

Great idea to require the HVAC vendor service contract, or at the very least a copy of the preventative service visits if they just want to engage an HVAC company ad hoc (and if they don't you can get the service performed and bill back the tenant, but also include that language!). Having a clearly spelled out clause of responsibilities for repairs and system replacement on the HVAC system can help clear up this issue. This also includes other types of repairs, such as roll up doors, etc. Repair issues have been the main thing that I have gotten calls about from my NNN tenants, so I have my own "lessons learned" on ensuring newer leases are crystal clear.

@Jade S. can you share what's on your lesson learned list?

1 Vote

@Bruce Lynn can you send me that person 's info too? Thanks!

1 Vote

Dallas, Texas

Quote from @Basit Siddiqi:

Accounting softwares - Quickbooks desktop, Quickbooks Online, Stessa, Xero, Microsoft Excel

Best of luck

Rental hero. Only $10/month.

0 Votes

Jackson, Mississippi

All Forum Posts by: Courtney Nguyen

Courtney Nguyen has started 13 posts and replied 131 times.

Post: Need to install a Do Not Block Driveway to entrance of parking

Post: Need to install a Do Not Block Driveway to entrance of parking

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