3 ms·
I can't comment on that specific structure, but pop-up shops are one method that in the UK councils will often help vacant buildings with for exactly this reaso
by zipy124 4mo ago
I can't comment on that specific structure, but pop-up shops are one method that in the UK councils will often help vacant buildings with for exactly this reason, with the upside that they may convert into permanent tenants.
- GJim 4mo agoYup.... And the downside is loads of reasonably successful decent small shops in the UK now have to close after 12-24 months when the rents get jacked-up from sensible to astronomical levels. None of them become permeant tenants unless they are a front for money laundering (hence the explosion of nail bars and barbers on the UK high street) or illegal goods (dodgy vape shops). https://www.bbc.co.uk/news/articles/cqj1rkqqrgro https://www.bbc.co.uk/news/articles/cqj1rkqqrgro Your local press (if yours still exists) will also be full of such stories.
- Schiendelman 4mo agoAnything over 30 days is likely not to be a pop-up shop. There's no way to give a tenant 12+ months without triggering the foreclosure clauses, AFAIK.
- GJim 4mo agoThe UK is different old boy.
- Schiendelman 4mo agoOf course it is! But I don't think it's different in this way. Did you have a specific data point about a 12-24 month rental getting kicked out in order to prevent foreclosure?
- Schiendelman 4mo agoIsn't that through council subsidy rather than avoiding a foreclosure-trigger tenant agreement?