Hi Folks
My wife owns a beauty salon for the past 8 years. Her lease from the landlord has 10 years left. She is pregnant, expecting twins and she hasn't made her mind up whether to keep the business, sell it on (if possible) or close it.
Just wondering, does anyone know, with regard to closing the business - what happens to the fact that she has 10 years left on the lease contract. Does she pay the landlord money to break out of the lease or how does this work?
Thanks for you help.
My wife owns a beauty salon for the past 8 years. Her lease from the landlord has 10 years left. She is pregnant, expecting twins and she hasn't made her mind up whether to keep the business, sell it on (if possible) or close it.
Just wondering, does anyone know, with regard to closing the business - what happens to the fact that she has 10 years left on the lease contract. Does she pay the landlord money to break out of the lease or how does this work?
Thanks for you help.