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a landlord is not going to find a new tenant for that site, so their best bet is to not charge rent or charge a lesser amount and defer it. that way when things
by celticninja 7y ago
a landlord is not going to find a new tenant for that site, so their best bet is to not charge rent or charge a lesser amount and defer it. that way when things get back to normal he has a tenant who can get back into business a lot quicker otherwise he has to find a new tenant.
- pbhjpbhj 7y agoLand/property prices have boomed in the UK, usually the tenant is rich and can wait for the profits, years, perhaps decades. This in part is why our high-street is empty but shop rental prices are not deflated seemingly at all; the rent is gravy, they've doubled their investments already. How about any property left vacant for 1 month gets a windfall tax of 10% the market valuation [this is obviously not a fleshed out proposal] ... that should incentivise landlord's to act to prevent losing tenants.