Re: condition waiver issues - need your instructions today

From
Chuck Terlesky <cterlesky@homecareassistance.com>
To
Rick Suarez <rick.suarez@homecareassistance.com>
CC
Timothy Thomas <tt@homecareassistance.com>
Date
Tue, 1 Mar 2022 10:57:00 -0700
Folder
INBOX
--00000000000044886905d92be54d Content-Type: text/plain; charset="UTF-8" Yes anytime works for me after 2 pm pacific time. Let me know when to expect your call and I'll make myself available. Regards, Chuck On Tue, Mar 1, 2022 at 10:54 AM Rick Suarez wrote: > Pacific. > > On Tue, Mar 1, 2022 at 9:46 AM Chuck Terlesky cterlesky@homecareassistance.com> 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, Agr

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