Topic: | Re:Re:Higher commercial rents | |
Posted by: | Sara Nathan | |
Date/Time: | 15/01/12 10:15:00 |
Supposing the business is doing fine, the bills are paid on time, the rent likewise but there is a risky way - by redevolpment - that the landlord thinks he will make more. Is it then OK to terminate a lease with six months notice (which a landlord can do for redevelopment) and evict the profitable, well-established business after say, 45 years trading, on the speculation that the site can be made more profitable for the landlord post redevelopment (which may be true if he can let it but not otherwise) Then the tenant is taking all the downside upfront because he is out of business, the public is deprived of a service it values and the landlord (who won't go bust even if this development is not profitable) is free to speculate with the site. Still OK? |