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Rented Space: The Art of Negotiating a Mid-Term Rent Reduction for Your Commercial Lease

JAN. 12, 2010 02:00:00 PM | BY DALE WILLERTON

Whenever I speak at a franchise convention, I inevitably meet many struggling franchisees leasing commercial or retail space. These tenants desperately need a rent reduction ... right now. The recession is taking its toll on all industries including franchising; sales are down, business expenses are rising, and the high cost of leasing space is closing in on tenants. Your monthly rental payment to the landlord can be one of your biggest monthly expenses. Therefore, reducing this monthly lease payment is imperative for businesses like yours to stay viable.

Please Re-lease Me: Handling lease renewals from a position of strength

NOV. 15, 2007 08:00:00 AM | BY: JEREMY BEHAR

We all know to expect death and taxes, but tenants can add one more thing to that list: lease renewals.

A lease begins to expire the day it's signed. Yet, how often have you found yourself scrambling to negotiate a renewal in the last couple of months or weeks before the last day? If you're waiting until the last minute to make the critical decision about renewing, and on what terms, you're clearly not dealing from a position of strength.

Popular Articles

»	Rented Space: The Art of Negotiating a Mid-Term Rent Reduction for Your Commercial Lease BY DALE WILLERTON
»	Please Re-lease Me: Handling lease renewals from a position of strength BY: JEREMY BEHAR

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