As Fear of a Worsening Economy Looms, Lease Renegotiation Becomes More Important

Share Article

Silent Partner Negotiators announces modified contingency fee structure for most commercial lease renegotiations.

Lease negotiation and renegotiation is an important component of any business plan

The outlook for economic recovery is still bleak. Unfortunately predictions are looming of a fall back into recession. Just this week, Secretary of Treasury Tim Geithner had this to say to Congress: "The economy is not growing fast enough. Unemployment is very high. There's a huge amount of damage left in the housing market. Americans are living with the scars of this crisis."
Businesses continue to look for ways to tighten their belts through cutting expenses including renegotiating current leases.
“Lease negotiation and renegotiation is an important component of any business plan,” explains Wade Horigan, Principal of Silent Partner Negotiators. “When successful, the results can be significant savings over the life of an existing lease.” He goes on to say that each situation he encounters is unique and there is not a standardized way to handle a renegotiation. It depends on a variety of circumstances. Doing the right research before putting together a proposal to the landlord is key to improving the chances of a meaningful outcome.
A commercial lease is typically the largest fixed monthly expense of a brick and mortar small business. Even a 10% - 20% reduction can equate to tens of thousands of dollars in savings over the life of a lease. Being able to reduce that expense (along with cutting other expenses) could mean the difference of surviving in this extended down economy.
Silent Partner Negotiators has been helping clients reduce their business lease costs through principled lease negotiation and renegotiation. They offer full-service, contingency-based existing and renewing lease renegotiation for qualified clients. They have also developed their techniques and put them into a Professional Guide to Lease Renegotiation that includes 25 pages of lease renegotiation letter samples from actual, successful renegotiations.
For more information, please contact Wade Horigan directly at (805) 320-4801 or by email: wade(at)SilentPartnerNegotiators(dot)com. Website: LinkedIn: N. Wade Horigan.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Wade Horigan, Principal
Follow us on
Visit website