|
Retailers are
seeing the tide turn in their favour as
negotiations are set to take place with high
street landlords over their lease terms.
Where leases are due to expire
retailers are flexing their muscles and
looking to negotiate more favourable terms
for themselves in the knowledge that many
landlords cannot face the risk of having
empty property on their hands and meeting
the additional burden of business rates.
Negotiations
It is anticipated that most negotiations
will start in the New Year when retailers
have had the chance to gauge the success or
otherwise of the Christmas trade.
Landlords will have already read the
Experian report on retail trade which
predicts in certain areas shops will have a
one in four chance of closing down with the
smaller retailers facing the greatest risk
of failure having taken out substantial
loans and being more exposed to cash flow
problems and overhead costs.
Attitudes will have to change to avoid
retail areas becoming deserted and help to
reduce the burdens on landlords and
retailers alike. Local Councils and Chambers
of Commerce could assist and to achieve this
initiative such as free parking and “Think
Local” schemes which have been adopted in
some towns and can make a difference.
Copyright 2006 - 2010
Taylors Solicitors
»
Print
» |
