As a member of Veeto, Hannah sent her Stage 1 notes to Veeto; Veeto`s algorithm adapted its complaint data with a letter of law written by Veeto`s legal team. Veeto`s application generated and sent the letter to a Regus VP; Veeto confirmed receipt of the letter; And within a few days, Regus agreed to fire Hannah from her lease, just as she had requested in her veeto letter. „Market price“ refers to the market price in effect at the time for the monthly lease of land on the market territory, which is comparable to the renewal of the lease of the premises (or the part in question) and for a period corresponding to the length of the extension period, taking into account the duration of the non-stormable lease , rental concessions, the size of the space, the age and condition of the building, the location of the building, the equipment of the building, the cost allowance, the passage of operating costs, taxes and insurance, the solvency of the tenant, parking fees and the residual value of existing improvements. The dominant market rate is agreed between the landlord and the tenant; However, if the lessor and tenant cannot agree, the dominant market rate is set in the manner specified in the paragraph below. The parts of the Regus lease that people seem to be making the most noise about are sections 2.2 and 2.3 that hide the nasty term called „automatic renewal.“ I bet the reason this term causes the most grief is that people cost the most money in short – and it`s just sneaky as hell. I guess that is the question that anyone who is not a lawyer could ask first. Finally, regus members sign a lease, and if you actually familiarize yourself with this contract, you will realize that, of course, it seems fairly one-sided, perhaps even unfair. With such a contract, it is likely that most people who control Regus give up before they even try to break their lease because they think the bridge is stacked against them. Renewal increases are made in accordance with Section 19, which specifies that instead of an index method or an arbitrary percentage method, the amount of the increase induced by the renewal is determined by the market price indicated in the service agreement.
In your lease, pay attention to force majeure clauses. If there is such a clause and a pandemic is contemplated or has broad language, COVID-19 is likely to qualify as a force majeure event under your lease, and it may exempt you from certain obligations or even give you reasons to terminate the early lease. „Regus suddenly increases the rent, despite our two-year contract, which sets the rate for the duration of the term.“ Before you talk to your landlord, make sure you have a clear renegotiation goal in mind. Whether it`s new rents, fee adjustments or even a few months of free rental, decide what you want to get out of your meeting, then ask for more so there`s room for negotiations and compromises. On the other hand, because of the way Section 19 is written, Regus doesn`t really have to provide that evidence.