Wednesday 14 November 2012

Victory For SL Traders

Over the last 12 months, General Merchandise Traders Representatives have established a case for no rent increases at this year’s November rent review. We are pleased to see that QVM management have accepted that case at least in respect of SL Traders.

In letters to traders this week, management advised that no November increase would be applied to SL Traders this year. However, PE traders and Casuals will be subject to a 2% rent increase taking effect from 4th December 2012.

Whilst we are pleased that SL Traders will not be subject to a rent impost, it is regrettable that the same standard could not be extended to all traders. Current retail trading conditions have resulted in some high profile rent reductions as landlords grapple with maintaining supportive customer levels for their tenants. General Merchandise Traders will continue to argue that no rent increase should be applied until the true measure of QVM performance, (trader’s incomes) shows significant improvement.
Have Your Say - click here

14/11/2012 14:05 Well done Trader Reps! Unfortunately it appears QVM Management are true to form and can only get jobs half done at best, in that in their inscrutable (or is that their “screw you”) “wisdom” whilst with one hand they caress SL Licence holders by withholding their rent increase for the year, with the other hand they have slapped the faces of PE Licence holders with an increase, oh and give the SL Casuals a kick in the shins as well, yep they have to pay up too(?).”
14/11/2012 14:09:37 Rent increases "Hey SL Licence holders hope you’re getting the message, PE Licence Traders must be raking in the money and totally immune from the Retails woes affecting SL Licence holders, so get with the strength, abandon those "voluntary"  licences come over to the dark side!" You know Hugh                 
14/11/2012 14:10:33 Rent Increase "Why only some Traders  ( as usual )  when will they get it right As in rules It should apply to all or not all . And  People who have signed lease  agreements have signed up for terms and conditions such as a  rent increase or is it because  "The" other traders not suffering as much?" J. Renwood