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socks and cat

Deadlines and rent raises

I tried to make an offer on that other space I want but the agent says the owners won't consider any more offers this week. He said it could be a week or two. I asked why they would let such a large two story building sit there empty and not collecting income and the agent just said there are more pieces to the puzzle. So I guess the owners have other things going on with the property that I don't know about.

In the mean time, the owner of the $3,000 space has given me until Friday to make up my mind. I can't stand the pressure of having to decide by Friday. She also shocked me by telling me that even if I enter into a 2 year lease, by the start of the second year the rent will go up by $180 and will continue to go up $191 a year after that. I thought the whole point of a 2 year lease was to lock in the rent rate. Was I wrong or does that seem unreasonable? If you're going to pay more than $3,000 per month, wouldn't it make more sense to just buy a property (oh wait, I've been trying to do that for the last month).

On the upside, the owner of the $3,000 space checked the utilities for all 3 floors I would be renting. She thinks gas, electric and water/sewer/garbage will only average me $167 per month. That's pretty good for a commercial space plus two good size floors of living space.

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