My mistake in selecting a wrong landlord
Everyone makes mistake in life but not everyone makes mistake and learnt from it.
What does I mean “learnt from it”?
If you can write down or list down how to avoid the same mistake again, you have learn from your mistake.
After your first mistake made, you learn how to do the same task/similar decision better and wiser. In fact the best method is learn first before you take a major decision.
Here’s my real world example
Before you rent a shop to do business (in my case, is Excel training business), learn first from few successful business owner, ask them how to select the right shop lot, right shop owner. Make sure you ask the right person who already own several successful business, not just any friend, colleague.
Spend some times or days to research how to select, attend a right seminar(if any, on selecting shop lot), the best way is to get advices from few property agents, not just one.
You have a better chance to rent and do business for long term. You would start your business today and want to close down on the second month, right?
Here’s my painful experience for not selecting wisely
I rented a shop lot in year 2013.
My director and I, both went to view a shop lot.
Both of us are newbie in selecting shop lot, we do have some success in helping corporate to learn Excel, but that doesn’t mean we are good at selecting shop lot too.
So, we met the property agent and an old man who we perceive as the landlord.
So, as usual, the landlord will says “OK”, “OK” for the question we asked during viewing the property. So we have a feeling that we can “trust” the landlord and we signed the tenancy agreement.
So, we moved in and we renovate the unit. It is an empty unit.
Every month we paid the rental on time. Everything goes well until challenge comes.
The unit is water leaking when heavy rain happened. So we told to the old man and the old man aid it isn’t his responsibility, and he pass the responsible to the real landlord which receive the rental month to month.
When we try to call the real landlord (named Allan), we have a hard time to reach him. He is not picking up calls or replying sms for days, whatsapp is even worst.
And after chasing him for weeks, he finally return call and he said that it is tenant responsibility to fix it.
The story goes on…
Remember we renovate the unit and partition it well, because of such incident, when the tenancy agreement is expired, he decided not to continue renting to us. He has his right, we beg him to extend few more months, but he refuse to do so.
We face nightmare, and we were busy finding a new shop lot to have our next Excel training. Luckily, we got a friend’s friend who happen wanting to rent his shop lot and that’s why now our training center is located at Bandar Puteri, Puchong. The new place is already well renovated. What a blessing we finally found.
My point is – when I selecting the shop lot, I didn’t consider well. I act on the spot.
I didn’t think. I didn’t carefully think
What is the best way to minimize my expenditure in renting a training space?
How can I best select the right training venue.
I learnt from my mistake, I become wiser in selecting.
Lesson learnt:
Ensure the landlord is the true landlord. Before I pay my deposit, I will want to see a Sales and Purchase Agreement with the landlord name written there, Else I won’t pay a single cent.
Don’t rush to make decision on the spot. The unit may looks perfectly suitable, but it cannot be the only one.
Renting a shop lot is also a big decision.
As a matter of fact, I just view two shop lot lately, but I didn’t take action although the landlord (again, perceive to be landlord) says “Please reply within few days time”, I just politely thank him. Then the other shoplot’s owner said “first come first serve. There is another one coming to view this evening”. Well, this kind of pressuring sales won’t work on me anymore.
I know how to select it well through costly education, but I do learnt from my mistake.
I am writing this to help those who in the middle of selecting shop lot to rent.
Costly mistake made while renting shoplot
Dec 6 2015, 05:38 AM, updated 10y ago
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