janie1963
New member
I'm renting a huge lot (over an acre) for my drive thru and have been approached by the landowner to sub rent a parcel of the lot to a fruit stand. The fruit stand had been just down the road from my location, so they are somewhat established in the area and seem to be nice enough people. The landowner has left it up to me to draw up a rental agreement and I'm not sure what to charge for monthly rent. Would half of what I'm paying be fair? At their last location they paid their own power and water plus 10% of daily sales. We overheard them talking about paying my landlord 20% of sales. I really prefer a flat monthly rent rather than a % of daily sales. It's also a big plus for me being that I'm just starting out and don't know what my sales will be like, so having someone pay part of my rent for the first few months would be nice. I also have the feeling that they want/expect to use my water and power hook up and I'm not keen on that idea...too hard to determine how much to charge them, etc. Also I don't need them draining my resourses. Besides, I've worked long and hard trying to get my business going and have been working with the county every week....why should they be able to come in and not have to go through all the channels/hurdles that I worked so hard to get through? It seems that I've got the upper hand here...without me they won't have a location because I get the feeling they can't afford the rent on their own. They also mentioned putting my name on their homemade signs and I'm in the process of having very nice, professional and expensive signs made....so in the agreement I've said they can't do that. I've put everything I could think of in the agreement, but thought someone else might have more ideas.
Sorry for the length of this-it's just a new situation for me and I'm not the type to jump into anything without much consideration (that's probably why I didn't call the fruit people by the end of the week like they wanted.)
Sorry for the length of this-it's just a new situation for me and I'm not the type to jump into anything without much consideration (that's probably why I didn't call the fruit people by the end of the week like they wanted.)