Rent review

C

corkcarl

Guest
Hi all,

I've recently become a sole trader and had a rent review recently. I put this forward to my landlord but he is not willing to reduce the rent by this amount on a permanent basis. However, he is willing to reduce the rent by 10% over a 6 month period.

Can anyone offer some tips on how to handle this situation?

Thanks in advance.
 
What is the type of property ? Is it a shop / office in a stand alone situation or part of a unit. How much did the rent review increase ? What were your previous circumstances. Were you a Limited Company ?? Are there other tenants in the same property ? Has your business been effected by the downturn ?
 
Give us some more info... e.g.when is there a break clause?
Your landlord appears to be playing hard-ball which is like a snowman resisting the devil in hell, 10% is much too little when the 20-30% is more common at the moment, also 6 months is very short, does he expect the economy to recover in 6 months time?
Find out the landlords situation, ie when did he buy the building etc cos if he's had it a long time, he can probably afford a greater cut.
more info required though
 
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