Boots stirs landlord-tenant pot
Boots stirs landlord-tenant pot
- 1991
- Financial Times 9 August 1991, 11 Times 11 August 1991, 29(2) .
Boots the Chemist property manager Mike Ruddell calls for a more flexible approach to landlord and tenant negotiations criticising traditional commercial property leases of 25 year terms with upwards-only reviews. Suggests 10-year leases would be more appropriate in the present economic climate. At Brent Cross shopping centre, tenants led by Boots have appointed Price Waterhouse to study the impact of Hammerson`s rent review.
ECONOMIC FACTORS
RECESSION
RETAIL RENTS
SALE BASED RENTS
SLUMP
Boots the Chemist property manager Mike Ruddell calls for a more flexible approach to landlord and tenant negotiations criticising traditional commercial property leases of 25 year terms with upwards-only reviews. Suggests 10-year leases would be more appropriate in the present economic climate. At Brent Cross shopping centre, tenants led by Boots have appointed Price Waterhouse to study the impact of Hammerson`s rent review.
ECONOMIC FACTORS
RECESSION
RETAIL RENTS
SALE BASED RENTS
SLUMP