|
If she's an asset as far as a tenant goes you can always renegotiate her term, and rates to offset any TI she's asking for. With a good occupancy rate and no mortgage (especially if her term is extended) I would imagine those improvements would be easily financed. The bank rates today continue to be pretty favorable for commercial improvements considering debt to income ratio, which is very low in your case. It could be a net zero depending on costs as to not diminish the monies needed for your pop. To answer your original question, NO it is not common (or even reasonable IMHO) for a tenant who A) only signed a 3 year lease and B) is half way + or - through it, to ask for LL contributions on improvements - as long as though "improvements" are not considered LL required maintenance. Just my .02
__________________
Careful what you wish for...
|