Thursday, October 1st, 2020
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COVID-19 has accelerated many dramatic trends in the retail industry. One thing has become clear: If many retailers are to survive, their rent structures may need to change.
One idea gaining traction is percentage-based leases, where the retailer pays a minimum rent and a percentage of its sales in rent.
Traditionally, landlords have been against percentage rents because they rely on the certainty of income, which affects their valuations, Tom Whittington, director, retail and leisure research at Savills, tells S&P Global Market Intelligence.
“The new agreements we have been seeing put in place over the last four months are not necessarily intended as a permanent fixture by landlords, but more of a way of navigating the current challenges in the sector,” Whittington told S&P.
But others think there need to be permanent changes in lease structures. “The pandemic has highlighted the need for many leases to have a
Fertilizing, watering, and mowing are the usual steps to take for a healthy lawn, but sometimes things can go awry. Unsightly weedy and brown patches can show up on your lawn and seriously undermine your home’s curb appeal.
Dealing with a damaged lawn can be a frustrating experience for homeowners. No matter how much water or fertilizer you apply, it can seem nearly impossible to get your lawn back to its thick, green splendor.… Read More