What do you do when your aircon doesn't work for 6 months and the landlord, a nice enough fella, just can't deliver cool air?
So-called “standard terms” invariably mean pro-landlord terms because leases are drafted by landlords, and they’re naturally protecting their interests. You wouldn’t expect them to do otherwise
When you come across the term “distressed building” you might be forgiven for picturing a panicky cat in the middle of busy motorway. It’s actually more serious than that, depending on how you value cats of course
For those businesses who prefer not to formally engage tenant representative firms because they choose not to sign formal contracts / agreements, answer this:
Typical landlord leases have about 3 pages of Tenant Obligations and maybe 5 lines of Landlord Obligations, and given that they have drawn up the lease, you wouldn't expect the bias to be any different
Alchemy Corporate Property Advisors outlines some of the pro's and con's of buying premises, rather than following the traditional route of leasing them
Every one of us has a view on whether we're still in the Downturn or whether the Upturn has already started and whether it will be "U"-shaped or "W"-shaped. But at the risk of sounding like an American motivational speaker, "ignore the Upturn and Downturn - make it your turn."
In the last 6 or 7 weeks we've witnessed a global financial meltdown, huge drops in stock markets, massive retrenchments in the overseas financial sector and store closure announcements running to almost 1000 shops in the UK alone
Whether in good times or bad (but it makes uncommonly good sense to do it now emphasises Michael Schirnig of Alchemy Advisors), all companies need effective methods for evaluating corporate property portfolios to identify needs and opportunities and to develop strategies that improve performance
Designing offices with people in mind
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