In past posts, we’ve discussed the differences between the various types of labor in the beauty industry. Today, we’re going to dig deeper on rent, which means of course that we’re talking about renters; booth, chair, room – all the renters! If you are renting space in a salon or spa, then you have your own business and you are merely conducting that business in borrowed space from the owner (i.e. your landlord).
This kind of business structure tends to bring up a lot of questions around rent. We’ve addressed a few below and given you our best advice in the answers:
“Can I be charged full rent for part-time presence?”
Absolutely. And you should be charged full rent even if you’re only in the space part-time.
“Buy why? How??”
Because the salon/spa owner (aka your landlord) doesn’t get to pay a part-time mortgage. Or part time insurance. Or part time cleaning fees. Or part time any other costs of doing business. If the rent they need to charge is too high for you, then you need to look elsewhere. Any landlord that is willing to negotiate rent is probably doing their business a disservice, which will eventually trickle down to your business.
“What If I Pay a Percentage of My Sales As Rent?”
So while this is technically legal, it’s a dangerous path to walk. Yes, it might seem more beneficial for the beauty professional, but when it comes to filing your taxes and your landlord filing their taxes, things get sticky. As always, address any issues or concerns with your personal accountant, but our advice is to steer clear of this method.
“Ok, I get it. What should I have in my lease?”
Renting space in a salon or spa is just like renting space in an apartment – you should always have a clear and defined lease. The lease should include start and end dates of the lease, rent terms, access details and much much more.
If you should have any other questions on this subject or others ones you would like us to write about in the future, please let us know!