This is usually based on the duration of the lease, the strength of the company and personal guarantees signed. Ideally rent begins the first of the month. BUT, if you do decide to give them some time, the rent you do lose should be made up within the first year of the lease. The amount of money they are putting into your property for their changes should not even be considered. There are plenty of properties taken of the market and renovations begun that never seem to end! ...and some that stop mid way and the company closes before it ever opens. Leaving you with no income for that period AND having to spend your money to get it back to a vanilla box.
Your business is collecting rent, if you're an owner, not subsidizing their start up. A minimal abatement is usually enough to secure a tenant if you are truly competing with another location...if they make an offer to lease...its because they want to be there.
Aug 21, 2010