I’m Renting Out A Fitness Studio To Teach Classes. What Percentage Of My Profit Should I Give The Owner?
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It’s a tiny studio. I will be renting it several times a week to teach classes. I can teach about 8-10 max students per session. What percent should I pay?
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If its an actual fitness studio and the owner doesn’t live there and wouldn’t have to suffer due to the disturbance. I wouldnt pay he/she anything but the monthly rent charge. If the owner does live there maybe 15%-25%
I would try to find out what a typical monthly rent would be for a similar space in the area, and divide it by 30 days to come up with a daily rate. If the space is worth about 1,000/mo, thats $33/day + I would tack on some extra for the convenience of not having to draw up a lease that you are locked into….maybe 50 bucks per session? Good luck. Let us know what you come up with!
I agree that if the owner does not stay there and thus is not disturbed then you just need to pay the monthly rent.
25% minimum