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@ Scott: Haven't checked in detail, but I doubt there's recourse to the corproate gorup @ Spades: No worries. If not you can come over and eat some free nachos

That's right. CIP has its risk. The only way to minimise it in retail is: ~ good locations, so lots of rental demand; ~ you have the ability to step in and operate; ~ flexibility so you can do many things there (probably a product of good location); ~ buy at good prices (duh); ~ take a 6...

Oh just groceries and the like. It's a famous supermarket type brand, he's a franchisee. Told agent today he wants to renegotiate lease. I said I'll negotiate when I get my rent or I'll get it from the 6 month bond anyway.

I just chained another shop up. Guy wants to get back in. I said pay the outstanding rent, or I'll keep it chained up and take possession of all your stock.

That is why I don't buy residential anymore. Commercial, higher yield, tenant pays everything including council rates and insurance and water, six month bond and has a legal obligation to restore the premises when they vacate. Few months ago had a tenant did not pay 3 weeks, he came in next...