Commercial property deposit

S

Sheva

Guest
Hi
I am a one man start up looking to lease office space near the city centre. I agreed rent, rates etc. Now the landlord is looking for 3 months rent as a deposit on top of the initial 3 months rent paid in advance. His point is that as a start up I have no track record, which I can see. The deposit would be paid back at the end of the lease, c. 4 years

Is this standard practice?

Any help appreciated
 
I believe the land lord is too demanding, the letting business is going down 5euro/hour (in relation to the cost of property, not letting, i heared that on radio other day), I have known 3-4 of my friend that they paid on 1 month advance and got two month rent free,
again this is based on case to case and situation to situation, location to location,
personally you have to make a decision but the demand is too high, so he is taking six month rent?? too much, i would renegotiate, i have left 2 property just becuase of this and had few offers without any key money or advance payment,
even though you decide to pay, make it on lease and get it ink'd
 
I believe the land lord is too demanding, the letting business is going down 5euro/hour (in relation to the cost of property, not letting, i heared that on radio other day), I have known 3-4 of my friend that they paid on 1 month advance and got two month rent free,
again this is based on case to case and situation to situation, location to location,
personally you have to make a decision but the demand is too high, so he is taking six month rent?? too much, i would renegotiate, i have left 2 property just becuase of this and had few offers without any key money or advance payment,
even though you decide to pay, make it on lease and get it ink'd

Good advice.
I's a buyers market.
 
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