Negotiating better terms for your commercial lease
Ask small businesses what their biggest worry is and many will say it’s the high cost of commercial rents and a reluctance by landlords to negotiate.
The government recently extended protection for commercial tenants from eviction until the end of the year. But Coronavirus combined with difficult trading conditions means vacancy rates on retail units are increasing and that’s having an impact on market rents in some areas, providing a rare opportunity to negotiate more favourable lease terms.
It’s best to get it right from the start
Jonathan Hand, of The Lease Negotiator, spent years working as a commercial property agent (acting for landlords). Now he helps businesses negotiate a better deal.