Rent reduction is route to ride out recession
Language: English Series: Facilities Management ; 16(11) August 2009, 18-19(2)Publication details: 2009Subject(s): Summary: Commercial tenants are now in a strong position to negotiate a better rent deal with their landlords. Overheads are an excellent starting point for facilities managers seeking to future-proof business finances and it is possible to reduce rents between 10% and 30% with the right approach and advice. Facilities managers need to strengthen their negotiating skills. Describes three possibilities for businesses trying to reduce their rent burden: re-negotiating terms, lease renewal rent reduction and improving cash flow. It is critical that tenants act early to achieve a win-win situation with their landlords.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L148451 (Browse shelf(Opens below)) | 1 | Available | 148451-1001 |
Commercial tenants are now in a strong position to negotiate a better rent deal with their landlords. Overheads are an excellent starting point for facilities managers seeking to future-proof business finances and it is possible to reduce rents between 10% and 30% with the right approach and advice. Facilities managers need to strengthen their negotiating skills. Describes three possibilities for businesses trying to reduce their rent burden: re-negotiating terms, lease renewal rent reduction and improving cash flow. It is critical that tenants act early to achieve a win-win situation with their landlords.