Negotiating a better lease
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  The economic downturn has brought a rare opportunity for business tenants to renegotiate their leases. The economic downturn offers rare opportunities for tenants to renegotiate property leases, so act now before the economy rebounds, advises Optim Legal's property leader, Natasha Goulden. But how do you broach the subject with often recalcitrant landlords? Natasha highlights the keys to successful tenant-landlord negotiations which should offer a win-win on both sides. Look for extended terms, read every clause in a lease, avoid "ratchet" annual increases. And remember, landlords don't want vacant premises so now's the perfect opportunity for rent renegotiation.Topics: Financial Management, Legal, Management |
 Natasha Goulden, Optim Legal |