Sunday 9 November 2014

Comment On 1 Year Renewals

From one of our traders -

09/11/2014 08:02:09 SL License "So management have decided that our businesses are not worth anything. How can anyone be expected to sell a business with only a 1 year lease with no options. Management says if we sell, we sell our business not our stalls, but with no goodwill margin in the sale, that's just unfair.
This management claims to be working with us, but it feels more and more like their plan is to make all if traders feel like it would be easier to walk away, that way they are able to go ahead with their plans ( the ones they claim to not have, but more things keep pointing towards they have an agenda and plans in place.)
With purchase of Munros corner, surely the excuse of redevelopment is not a fair reason behind saying 1 year lease only, as the redevelopment now needs to be reconsidered. So in a couple if years time when the new plans are released, will the market have been shrunk by all of the non renewal of the 1 year leases." Disappointed in management.

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