Hello All:
Here is your January 2009 tip of the month.
Now is a tremendous time to renegotiate leases whether commercial or residential with your landlords, due to the down turn in the economy. In fact I was speaking to a friend of mine who is looking to open a business in the next 30 days in Virginia Beach, VA. Guess what? He was able to get a rent 45% under fair market value and 6 months free rent !!! Talk about landlords being hungry…
So the morally of the story is ask for everything, expect nothing and you will be surprised what you get.
Be well,
James A. Gage
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