Paramount Realty Svc Inc

★☆☆☆☆

About Paramount Realty Svc Inc

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Real Estate

Real Estate
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Paramount Realty is huge and owns strip malls all over NJ and Pa. However, I would not recommend this landlord for small businesses. They are pretty much merciless and will not work with you at all. Their rental rates are high; they raise them every year; and they give you a thick 30-page lease that strips you of all your rights should you get into a disagreement with them (ie. you have to give up your right to trial by jury, you can't get out of your lease even by going bankrupt, you have to pay their lawyer's fees if your go to court, etc.). The little guy doesn't have enough money or power to go up against these moguls. They probably have attorneys on the payroll, and millions of dollars to sue whoever they please. Bottom line: Signing a lease with them is not worth the risk, unless you're a big corporation like they are.

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★☆☆☆☆

Paramount Realty is huge and owns strip malls all over NJ and Pa. However, I would not recommend this landlord for small businesses. They are pretty much merciless and will not work with you at all. Their rental rates are high; they raise them every year; and they give you a thick 30-page lease that strips you of all your rights should you get into a disagreement with them (ie. you have to give up your right to trial by jury, you can't get out of your lease even by going bankrupt, you have to pay their lawyer's fees if your go to court, etc.). The little guy doesn't have enough money or power to go up against these moguls. They probably have attorneys on the payroll, and millions of dollars to sue whoever they please. Bottom line: Signing a lease with them is not worth the risk, unless you're a big corporation like they are.

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