Host Gary Marshall discusses whether leases on non-profitable retail locations can be handed back to the landlord – or what other options are open to the retailer? 

 He highlights common alienation provisions in commercial leases, with conditions which might allow or restrict an assignment of the whole lease, or a subletting of part, possibly on a different rent or other varied terms. 

He mentions how shuttering a store might be an obvious choice if the losses exceed the occupational costs of rent and business rates, but he also points out how accountancy housekeeping of badly-allocated central costs or poorly managed depreciation might give a poorly performing store another chance.

Should landlords play a part in helping a correction in long-established but unsustainable rental levels, and could a CVA be the only legitimate choice for a retailer locked into leases which it cannot afford?

Send us a Comment, a View, a Thanks, Fan Mail and so on!

And never miss an episode! Follow and like That Retail Property Guy on your favourite podcast platform - available on Apple, Spotify, Amazon and more.

Find out more and message us on the podcast website

Go to ThatRetailPropertyGuy for more on Gary Marshall, SmarterEstates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes. 

For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstates

And find Gary and team on LinkedIn for regular updates and community info!