Rent hikes killing high street shops
Language: English Series: Sunday Times ; 9/6/91 p3Publication details: 1991Subject(s): Summary: Retailers call for traditional 25-year leases with rent reviews every five years to be replaced by shorter term leases with rents fixed on percentage of turnover. Many landlords are seeing their assets dramatically falling in value due to weak demand and oversupply with the increasing number of vacant premises.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2723-25 (Browse shelf(Opens below)) | 1 | Available | 8388-1001 |
Retailers call for traditional 25-year leases with rent reviews every five years to be replaced by shorter term leases with rents fixed on percentage of turnover. Many landlords are seeing their assets dramatically falling in value due to weak demand and oversupply with the increasing number of vacant premises.