r/Glasgow Tools

Title
Authorartfuldodger1212
Comment
As I said in my post I have done this in other places with no issue. There is basically an industry standard "pop up" lease that covers all the issues you have raised that I had drawn up with the help of a law firm the first time I did this but many place already have a pop up lease they use. I obviously am "cogniscent" of the economic realities of what I am trying to do seeing as I have done it before? The maths certainly work.

In the past places I have used might run the lease by their in house compliance officer or do some kind of risk assessment but never once have they retained outside council to draw up another version of what is essentially a very basic boiler plate document at this point that is used ALL the time in commercial real estate. Any company of any size will already have one they use. Big landlords in my experience have their own in-house counsel and compliance and wouldn't be retaining outside counsel for something like a lease?

There will already be electricity in the buildings? What do you think would be powering the fire safety systems and emergency lights? The property would be absolutely uninsurable if there no power running to the property. Do you have a lot experience with this? It seems like you should know that if you did? When I have done this before the water might be turned off at the stockpipe at most and even that I have only seen once as it is almost always a condition of the insurance to maintain and test all the essential systems of the building in regular intervals which includes running the water through the boiler.
Reddit Linkhttps://www.reddit.com/r/glasgow/comments/spfncl/sauchiehall_street_being_killed_by_commercial/hwh8301/
CreatedFri 11th Feb 2022 7:24am
Statusnormal ()

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