PENTHOUSE ADVISORS INC. RETAINER $2,750


CALL NOW: OFFICE M 310-663-3521

PenthouseAdvisors@gmail.com

Penthouse Advisors INC., is a Full Service Restaurant Firm. Specialized Experts in Brokering Rent Abatement Allowances, Second Generation Restaurants For Lease, Grandfather Protections.

BE ADVISED

Contact us if dealing with the below situations

FREE RENT “RENT ABATEMENT ALLOWANCE” APPLIES TO NEW LEASES ONLY

ASSIGNMENTS OF LEASE ARE NOT APPLICABLE FOR RENT ABATEMENTS ALLOWANCES. Meaning the New Tenant is assuming the previous Tenants lease terms, conditions and rent responsibilities. IT IS VERY IMPORTANT TO UNDERSTAND The Original Tenant Named as the guarantor to the lease must be removed from the Lease, in the event of rent default and the Property Owners inability to collect past due funds. Penthouse Advisors INC., negotiates such removal.

Penthouse Advisors INC., is highly qualified to negotiate Rent Abatement Allowances (Free Rent) with an agreeable rent commencement date, upon facilitating the Health Department ID or when Open for Business, whichever comes first.

KEY MONEY FOR VACANT SECOND GENERATION RESTAURANTS

Key Money Payments for left behind, FF&E furniture, fixtures, equipment in Restaurants can only be sold by a current tenant with legal possession. Not the Property Owner. It is illegal for Property Owners or Hired Agents to collect “key money payments” defined as a demand for payment beyond lawful rent and security deposits as a condition for initiating or renewing a lease or to prioritize a tenant’s application.

Key Money is often an “under the table” payment which is against California and federal law. Additionally Purchasing Restaurant Kitchen Equipment without visible labels (NSF) Sanitized or (ETL) Listed, is worthless per Health Department Code.

Note: Property Owners are not in the Business of Selling, Used, Restaurant Furniture, Fixtures, Equipment.

  • If a Property Owner wants to charge for items left in the unit it must be included in the written, lawful lease agreement and not a demand as a precondition for renting.
  • Leases should have language instructions about Personal Property in the Unit.
  • Property Owners may be liable for actual damages in a civil action.
  • Property Owners are additionally prohibited from charging extra fees as example: Paying rent or security deposits by check, Serving and Posting on front doors, 3-day Pay or Quit notices prior to filing a UD Unlawful Detainer.

GRANDFATHER PROTECTION

“Grandfather Protection” meaning: Restaurants can remain open and will not be required to update the Restrooms, Front Entrance, Counter, Dining Table to ADA compliance cook without a grease trap under the 3 compartment sink or inground grease interceptor.

Important: If a Restaurant under “Grandfather Protection is remodeled and the floor plan is altered in any way, or closed for 90 days the “Grandfather Protection” can automatically expire, forcing the premises to be brought up to current code compliance including ADA Restrooms and the Front Entrance with a permitted Ramp, if steps are visible.

  • OFFICE M 310-663-3521
  • PenthouseAdvisors@gmail.com