My husband and I are purchasing a small commercial building in a low-populated city in New England. We will be opening up a medical practice on the first floor and want to keep the current tenants (two) above us on the second floor. One is a therapist that practices 5 days a week and the other isn't there often, maybe 2 days a week, but that could always change. They use the office for their organization. There are 5 total parking spots for the building, each tenant is assigned 1 spot with their lease. That takes it down to 3 spaces left (however, one of the spaces cannot fit a standard car - it has tanks near it (protected) that eats into the space so usually only a motorbike OR a small car like a Leaf can fit in there. It's not always able to be used.
Our practice needs to maintain spots for our patients. So having only 2 (maybe 3 leftover) puts us in a bind. It would even mean myself, my husband the physician and our office staff could not park there.
We want to keep good relations with the tenants - we don't want to raise their rent or price them out. But we need their parking spots. There are lots in the near area but those go for about $100 a month and the are not that close. We take ownership of the building at the end of October and I have had the conversation with both tenants - they are happy we want them to stay (they thought they would be kicked out) but I was clear that right now we are looking into parking options because our patients have priority and will require parking opportunity.
How can we navigate this without compromising tenant relations? Is it best to just say "We can no longer offer parking with your new lease coming up, here are some local lot options?" We even considered putting in $50 for each tenant so that could help offset the parking fee for the lot if they went that route. Street parking in the city is often open and free and nearby but it's never a guarantee.
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source https://www.reddit.com/r/RealEstate/comments/1nqzzit/buying_commercial_space_keeping_existing_tenants/
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