The Former Telescope Mercenary

Tuesday, September 25, 2007

I could have done without this, really.

I got a call from my Real Estate agent that there is a potential buyer of the store building. This is kind of a 'ehhhh' reaction from me. I have a contract, so they cannot tell me to get out without massive compensation (to the tune of 3 years of rent). But there are several possibilities.

False Start: The buyer is not serious or doesn't like the price and no sale takes place.

Bad Version: The buyer buys the place, wants me out, but doesn't want to pay or I refuse the buyout. So he grumbles, breathes down my neck, and neglects the building for three years, then jacks up the rent to sky-high levels when I wish to renew.

Mercenary Version: The buyer is willing to pay the money for a buyout, and I decide to accept it. The store is opened elsewhere after a delay of several months. I spend much of that time apologizing to those whom I told it would open in November.

Life Goes On Version: The buyer buys the place and simply starts taking the rent payments instead of the old owner. The property is an investment for them.

**sigh**

1 Comments:

At 10:24 AM, Anonymous Anonymous said...

remember those folks looking at the exterior while we were sanding? I wonder if it was them.

 

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