07-28-2015, 10:49 AM
(07-28-2015, 10:37 AM)BuildingScout Wrote: it pains me to see entrepreneurs being squeezed by landlords like this.Sometimes landlords jack up rents because they want to clear the premises for other purposes. Could that be the reason here?
Quote:Never sign a lease that does not have automatic renewal conditions under some reasonable scheme (usually CPI+3%).Good advice. However those chains have much more bargaining power than an independent restaurant. By all means ask--even demand--but be prepared to compromise or look elsewhere if the landlord doesn't agree.
Those are the terms given to savvy corporations such as Starbucks, Coffee Culture, Loblaws, etc. Demand no less.