Tenants have the upper hand in some shopping centres, but in most cases, particularly in successful retail schemes, they are in the weaker position when in conflict with their landlord. A retailer operating stores in several shopping centres recently asked us for advice as he sensed that there was some trouble ahead. He said that his shopping centre manager was keeping a close eye on everything he was doing as if looking for a reason to penalise him. The manager complained that the store had once opened a few minutes late or closed too early, that the staff took cigarette breaks or that there were fewer products on the shelves than in neighbouring boutiques. Despite making timely payments, the tenant had the feeling that the landlord wanted to get rid of him, either by not renewing the lease or by leasing his space to someone else. The best that a tenant can do is to do his/her best not to give the landlord any reason to exercise his rights as laid out in the lease agreement, including
EXPO REAL 2025: From survival mode to selective recovery
EXPO REAL 2025: From survival mode to selective recovery
This year’s EXPO REAL in Munich marked a noticeable shift in tone across industry conversations. Following a period of uncertainty and postponed investment decisions, the com ...
Axi Immo
Are lease agreements in retail parks still triple-net?
Are lease agreements in retail parks still triple-net?
The lease agreements concluded for retail parks increasingly feature solutions that differ from the classic Triple Net Lease agreements, particularly as regards the settlement of o ...
CMS
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz