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Renegotiate Your Lease To Reduce Occupancy Costs
– March 21, 2011
In this environment, your landlord should be willing to listen to any proposals. You should try to renew your lease only if you are treated as a new tenant. New tenants often receive several month’s rent free, escalating payments and even cash for build-outs.
If you can present a case to your landlord that this is necessary for you to stay in this location, you might be surprised with what you can accomplish.
Renegotiate your lease and DO IT NOW!
This is Profit Enhancement Idea #46 in Heard, McElroy & Vestal's 100 Ways: The Profit Enhancement Process series. The purpose of the series is to assist business owners and managers in cutting costs and increasing revenues by working smarter, not harder.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is an Audit Manager in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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