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An empty shop looks bad for the locality and reduces footfall into the area, which in turn devalues the property. Most landlords have mortgages, upkeep costs and other liabilities and in this climate they will be looking to new businesses to kick start the local economy and reduce their running costs. So, is now a good time to drive a hard bargain with the
owner?
Well! it might be, some properties can be very flexible and you can get yourself a good deal and it is often a good measure of your potential relationship if you find yourself negotiating with the landlord and developing mutual respect and consideration. It is much easier on both parties to strike a deal when there is an element of discussion on business arrangements.
If you have never run a shop before you might be daunted at the prospect of taking on such a substantial commitment but, a wise and experienced landlord can actually help you considerably by talking over your ideas and discussing different structures to the lease, or rental agreement. They will generally have a good knowledge of local needs and competition and can provide you with much needed local intelligence if you treat them right. Whilst most keep an arms length from the businesses that lease or rent their premises this is a time when relationships matter.
With so many empty premises it can be a daunting task, but once one business takes the plunge it gives others confidence to follow suit so, when talking to the landlord in such circumstances talk about a reduced rental period or a welcome holiday to give you time to establish the business, and also protect the back door in case things don't work out and insist on a lease break after 12 months where you can extricate yourself without penaltiies.




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