Re: condition waiver issues - need your instructions today

--000000000000c7177b05d92bdc00 Content-Type: text/plain; charset="UTF-8" Pacific. On Tue, Mar 1, 2022 at 9:46 AM Chuck Terlesky wrote: > Yes - Im in Mountain time - what time zone are you in? > > On Tue, Mar 1, 2022 at 10:40 AM Rick Suarez rick.suarez@homecareassistance.com> wrote: > >> Chuck, >> >> Do we have time for a quick call today? My schedule opens up after 2:00. >> I think we can move forward after the call. Just need clarification on a >> few things. >> >> Thanks, >> >> Rick >> >> >> On Tue, Mar 1, 2022 at 9:06 AM Chuck Terlesky > cterlesky@homecareassistance.com> wrote: >> >>> Three options for the condition waiver - I will respond with option 1 >>> unless I hear otherwise from you Rick. >>> >>> Thanks, >>> Chuck >>> >>> ---------- Forwarded message --------- >>> From: Mark Kolke >>> Date: Tue, Mar 1, 2022 at 10:04 AM >>> Subject: condition waiver issues - need your instructions today >>> To: cterlesky@homecareassistance.com >>> >>> >>> Chuck, >>> >>> An overview of where we are at: >>> >>> - condition waiver deadline was last Friday, and we got the landlord to >>> agree to extend the waiver to March 2nd >>> >>> There are three scenarios to consider: >>> >>> 1. the first is to waive the conditions as they are, and the landlord >>> says they will waive theirs in return; that will result in the landlord >>> building the demising wall and installing a new kitchen as we had >>> negotiated >>> >>> or >>> >>> 2. because the Landlord now sees substantial capital costs involved in >>> that construction, they have proposed an alternative arrangement whereby >>> they will forego a period of gross rent (rent and operating costs) for you >>> to 'use the existing kitchen and otherwise stay on your side of the chalk >>> line ... AND in that case, they will not build the wall, not build the new >>> kitchen and keep the space empty to accommodate expansion as you need it >>> >>> or >>> >>> 3. since the landlord has played his hand, my thought is to negotiate a >>> new deal for the entire space, ask them for two years of free rent and use >>> the opportunity to negotiate a lower rent for taking a longer-term and >>> still preserving your already negotiated renewal option >>> >>> Please give me your instructions ASAP so I can prepare the appropriate >>> documentation. >>> >>> >>> ALSO, since I've not heard any feedback from you, should I presume the >>> most recent iteration of the Lease document is acceptable? >>> >>> >>> Thank you, >>> Mark >>> >>> *"Risk comes from not knowing what you are doing." - Warren Buffett* >>> >>> *Mark Kolke, DTM, Agent/Realtor - * *VP Commercial, MaxWell Capital >>> Realty* >>> *Leasing, Sales, Commercial, Residential, Agricultural & Property >>> Management* >>> 6204B Burbank Road SE, Calgary, AB T2H 2C2 >>> *Phone/Text:* *(403)-312-8359* >>> *email: kolke@markkolke.com * >>> *Connect/follow: LinkedIn >>> * *~ Facebook >>> ~ **website >>> * >>> *FACILITYCalgary* * | PROPERTYLines >>> >>> | HOUSINGTruth >>> * * | >>> * some