Dazz, do you want another retail centre
...couldn't think of anything worse...
Trying to get out of my first retail foray...not good. Will never buy retail again. The legislation controlling the sector sux, it's far too weighted toward the Tenant.
Not as bad as residential, but nevertheless grossly unfair to the Landlord. It's been written as if every Landlord is a huge Westfield conglomerate, and every Tenant is some poor struggling little family unit that is desparately hanging on by their finger nails. Some of the clauses are outrageous.
Nope, I'm going back to commercial and industrial, where the legislation is based on both parties being "grown ups" and whatever they can negotiate is written into the Lease and enforceable. None of this 'sign the Lease, then complain, quote the law, and skip out of your agreed obligations'.
Give me a nice big fat chunk of dirt, with a huge barbed wire fence around it, and the Tenant controls who comes and goes and turfs out anyone who acts like a plonker....Retail, you must provide a clean polished white tiled floor, try like hell to keep out little mongrel 9 y.o. out of control kids with no parents to be seen, who all know their massive list of rights...and no obligations, and you cannot keep them out.
If one of the little dears spills their coke, then gets their mate to ride thru the mess and purposely slip, then fake it, and their big sister claims you now owe them 2 million bucks and we're gonna sue you for everything.
Um, no thanks.
