Commercial Lease Advocates Launches Rent Mitigation Services in California
During tough economic times, operators of food and beverage establishments are often pushed to the point of meltdown due to the double whammy of decreasing sales and escalated fixed costs such as rent. Restaurateurs and other retailers worry about meeting their commitments whilst engaged in a daily chase towards a mythical "breakeven". Landlords' worst nightmares typically feature vacancies. They've learned not to take their tenants for granted and generally appreciate the wisdom of according flexibility in their rent demands in the teeth of a recession of historic proportions. Rent-Mitigation may well be a concept whose time has arrived. Riding the RM horse? None other than Commercial Lease Advocates, a new law firm based in San Diego's Mission Valley whose activities extend throughout the state of California.
San Diego, CA (Vocus/PRWEB ) May 30, 2009 -- Ask any restaurateur. Just how are things in the food and beverage business these days? In virtually every instance, the answer you'll get is "Not so swift".
Bill Reedhead, Professional Negotiator
What's the first thing that financially-strapped consumers cut back on during a recession? Hint: Cookbook sales have actually improved in recent months while the lines waiting for service at your local Cheesecake Factory have diminished, to almost nil. Let's face it, dining out has become a luxury most cannot afford anymore except on rare occasions. During times like these every prudent business proprietor looks to cut back on expenses (www.commericalleaseadvocates.com).
For the most part restaurant operators have papered the street with Two-Fer-Ones and taken every other conceivable measure to enhance sales. Despite this, many find themselves borrowing to meet fixed-cost commitments which, in some instances exceed forty percent of gross sales. Experience has recently shown that -- contrary to popular belief -- most landlords recognize that difficult economic times warrant a flexible approach towards those whose rents provide their income on a monthly basis. From a commercial real estate investor's standpoint It's not even about cap rates anymore. It's about which owner can retain tenants in the face of a highly-challenged economy.
Enter Commercial Lease Advocates, (www.commericalleaseadvocates.com) a lease re-negotiation service which opened its doors early this month, the brainchild of the company's supervising attorney and negotiation specialist Bill Reedhead. "If major banks can achieve government bailouts and the airlines re-negotiate their labor agreements -- all in the name of economic stimulus -- why shouldn't similar strategies be available to the hard-working proprietors of restaurants and other retailers fighting to stay alive during a recession of historic proportions?" Mr Reedhead wondered aloud. "While some landlords may have ulterior motives (such as avoiding otherwise unrentable potential vacancies) our clients have for the most part been gratified by the positive reactions to rent-reduction proposals forwarded from our office. There's no magic in what we do here at Commercial Lease Advocates. We simply initiate a honest, respectful conversation on behalf of our clients with their landlords. We keep our dealings positive, offering the other side a comfort level against what might otherwise evolve into a vacancy. To accomplish meaningful rent-mitigation we never threaten or even cajole. We don't have to. The daily financial pages speak louder than we could ever hope to."
An attorney of almost thirty-eight years standing as well as a long-time real estate, business broker and author, Reedhead can relate to the plight of today's restaurant operators, he having found himself in such a role during a particularly-forgettable extended episode back in the seventies. Mr. Reedhead stated, "We're all the product of our various experiences. . . and ours has been particularly rich. We try to apply those real-world experiences, as well as major helpings of common sense, to our day-to-day dealings with both clients and their landlords. So far, we've managed to save our clients' a few dollars."
Unique in its field, Commercial Lease Advocates (www.commericalleaseadvocates.com) operates on a contingent-fee basis, a modus operandi commonly deployed in the personal injury legal arena. Fees are equal to one-fourth of any Year One rent savings derived through their efforts. . . In those rare instances where they don't succeed the client pays nothing. No expense reimbursement, No 'processing fees', Nada.
Where Commercial Lease Advocates' efforts are concerned, it's hard to find any losers. Landlords tend to appreciate its efforts as these provide a measure of leasehold security in lean times. And tenants prefer paying less rent. And the attorneys at Commercial Lease Advocates earn a reasonable dollar by performing a valuable service where everyone wins. Want to learn more? Visit http://www.commericalleaseadvocates.com
CONTACT:
Kristy Powers
858-227-4561
kristy(at)commercialleaseadvocates.com
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