Meet Business Man,
Business Man owns a business and has bought the building with room to grow his business. Business Man believes that his building is very special. He hopes that you think so too. He may or may not have taken the time to learn the correct way to charge for rent and related expenses. This could work to your advantage if he doesn’t charge for electric and increases in operating costs. He may not know the difference between rentable and useable space and may only charge you for the square footage in your suite. He could be offering you a great deal. On the other hand, he may not realize or believe that the landlord down the street will give you one month of rent free for each year of the lease signed. It may take a little bit of extra work on your part to get this transaction set up, but once you do, you will be set for the term of the lease. If his business expands like he expects it will, expect to move at the end of your lease term. After all, he bought the building to grow his business, not yours.