2 ms·
Having rented commercial properties, the way around this is to agree to the lease rent, but then negotiate a bunch of rent vacations, financed renovations, etc.
by VHRanger 4y ago
Having rented commercial properties, the way around this is to agree to the lease rent, but then negotiate a bunch of rent vacations, financed renovations, etc. which even out to having a much lower lease.
The commercial landlord financial infrastructure is broken, but gameable.
Also, a land value tax would fix this (and many other real estate market distortions)