Convince Owner to Trade Rent Relief for Certain Lease Rights

Despite a steadily improving economy, some retailers—usually so-called mom-and-pop stores and new businesses—might still have to watch every dime. Some may even be struggling. If you’re paying more rent for your space than is feasible, but the location or other aspects of the property work well for you, ask yourself whether a temporary rent reduction would make a difference in kick-starting profitability or allowing you to build up a financial cushion.

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