retail build out - Posted by Tom

Posted by Bill Taylor on March 20, 2006 at 21:48:06:

Tom we were working with someone that wants to expand the space they currently have in the center we just bought. Beofe I do any buildout he will be required to sign a lease and an agreement to pay for his share of the buildout. He will sign personally and then if he fails to perform we will have no choice but to hold his fett to the fire. He has the money so I don’t forsee a problem but you never know. Nothing is 100% but I think our odds are pretty good.
That is just how I am going to handle it.
Are you going to do more buildout than the white box?

retail build out - Posted by Tom

Posted by Tom on March 20, 2006 at 16:32:56:

I am close to securing a restaurant for 4000sf. in my new construction strip mall. I am building out the space to their recommendations.

How do I protect myself from the following occurence - midway through the build out they change their minds and don’t want to go into my strip mall. In other words what kind of paperwork etc. do I need? Thanks!!