Re: condition waiver issues - need your instructions today

--000000000000540b1e05d92bc0b5 Content-Type: text/plain; charset="UTF-8" Yes - Im in Mountain time - what time zone are you in? On Tue, Mar 1, 2022 at 10:40 AM Rick Suarez 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 >> * >> *FACI