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Rental increase issues
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[QUOTE="Alexandoy, post: 103909, member: 25510"] When the pandemic era started most of the small and medium businesses here have decided to close shop. Their reason is the big expense in the rental while the income has gotten smaller like 30% of the normal. Aside from the choking rental costs, most of the landlords are still continuing with the rental increase which is stipulated in the lease contract – usually there is a yearly increase of not more than 20%. To be frank with the issue, most of the foreclosed businesses went bankrupt due to the high rental cost. It makes me wonder why the owners of the mall and buildings do not have the consideration for their tenants. Now that so many businesses are closing shops, landlords are also having a problem. They have no more tenants and the building is like not productive anymore. It has been a year that some buildings have no rent to speak of. Personally I do not pity those building owners because it is high time that they understand the rental issues that has been the complaint of tenant since a long time ago. [/QUOTE]
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