Was discussing this with a friend last week.
He has a shop in a shopping mall. Business is over 40% down on same period last year. Landlord looking for rent. Money not there, he's trying to negotiate rent but landlord looking for full amount.
Footfall in the mall is down a considerable amount (no exact figures, but guesstimate of 25-30%).
Does anyone have any experience in this? Are contracts for rent ever negotiable dependent on how many people pass through as, I understand it, there had been guarantees on the amount of people that would be coming through.
He has a shop in a shopping mall. Business is over 40% down on same period last year. Landlord looking for rent. Money not there, he's trying to negotiate rent but landlord looking for full amount.
Footfall in the mall is down a considerable amount (no exact figures, but guesstimate of 25-30%).
Does anyone have any experience in this? Are contracts for rent ever negotiable dependent on how many people pass through as, I understand it, there had been guarantees on the amount of people that would be coming through.