Early into long lease, landlord proposed to renovate and refurbish but also relocate fruit and veg business into bigger premises, in a poorer location. Additional staff would be required to man larger shop with no logical reason to expect higher turnover.
GEM Lease Analytics™ Case Studies from Beta Testing Various Versions
End of lease. Following large extension, which created two food courts, original food court lost extensive foot traffic. GEM Lease Analytics™ software evaluation could not support a
new lease above $110,000. Business owner vacated and premises have been empty for over two years.
Proved misrepresentation by landlord. Business owner closed the business and settled with trade creditors four years before lease-end.
This was a genuine market review opportunity, backed by current facts. In this instance, the landlord had no facts backing up their case.