NEW LEASE-ASSIGNMENT OF LEASE NEGOTIATIONS

Contact: Business Agent Roschard Paticchio-Stein Owner/President. dre #02203003 *Office Cell 310-663-3521 *PenthouseAdvisors@gmail.com

Do It Now Service

Total Fee: $5,800

(RESTAURANT/BAR DISCLOSURE): Within Los Angeles County, THE CONDITIONAL USE BEVERAGE (CUB) must be active for Alcohol License (ABC) Transfers. Full Disclosure to Potential Tenants when Leasing or Purchasing a Restaurant or Bar is mandatory with Penthouse Advisors INC., prior to Lease Signing.

LEASE SIGNING

  1. PROPERTY OWNER APPROVAL OF THE TENANT: We submit the potential Tenants current credit report, (one page) 3 bank statements from the same bank account showing liquidly, work experience for Property Owner review and approval.
  2. LEASE ASSIGNMENTS: A Lease Assignment continues the existing Lease and Option’s removing the responsibility of the existing Tenant not the Guarantor. We exercise extremely complex negotiations when it comes to removing the existing Guarantor from the lease with a New Guarantor solely responsible for the Lease under the Assignments rent, terms and conditions. A very difficult maneuver to pull off with Property Management and Ownership.
  3. NEW LEASE AND RENT: New Tenant negotiating for a reduced Rent per square foot with an updated lease, terms and conditions followed into the first Option period is negotiated. To include Escalated Rent when required.
  4. RENT ABATEMENT ALLOWANCE SWAPPED WITH TENANT IMPROVEMENT (TI): Penthouse Advisors INC., negotiates (TI) Tenant Improvement funds for upgrading the premise swapped with a Rent Abatement Allowance. Example: The Rent commencement date will supersede the Lease commencement date by 6 months.
  5. NEGOTIATING ANNUAL PERCENTAGE RENT INCREASES: Capped at 3%.
  6. LEASED IN AS-IS CONDITION. PROPERTY OWNER DISCLOSURE: All Attached Equipment inside a Restaurant or Bar (the premises) malfunctional equipment including HVAC, Mechanical, Electrical, Plumbing, (MEP), American Disability Association (ADA) Code compliant bathrooms, entrances and serving counters to be disclosed to Potential Tenants prior to lease signing. To include Grandfather Protection rulings. All non attached equipment, Roof (Leaks), Lighting, Flooring, Glass, Grease Trap or Interceptor (if applicable), Return Air (Swamp Cooler) on roof, Hood (inspected and approved), delivered in working condition, prior to lease signing. When this information not disclosed to potential tenants by the Property Owner or Management, prior to lease signing fraudulent behavior can be considered if and when an Equipment List is not Provided to the Tenant for due diligence.