Leases of stores are valid indefinitely. Only the tenant can decide normally they say. Only in exce

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V & D has acute financial problems and therefore demands of the landlords of the 63 retail rent free period of four months, and then a substantially lower rent. Five questions. 1. How special is this action of F & D?
That V & D demands a rent reduction in this way is unique, say several experts. mm direct It happens sometimes, but that's usually when chains "are already bankrupt," said Brigit Gerritse, director of the Dutch Council Shopping Centres (NRW). "Then try curator and property owner to get out together."
That is, in this case otherwise. V & D (still) not applied for bankruptcy. And, says Jos van Mortar Metro Prop that V & D buildings in Den Bosch, Heerlen and Sittard released: the department pays just already relatively low rents. 2. How does that normally reduce the rent?
Leases of stores are valid indefinitely. Only the tenant can decide normally they say. Only in exceptional cases -for example, if the retailer does not pay the rent - the landlord can terminate the contract.
If a store is likely to fall, there is often consultation - not a unilateral letter. "We have no interest mm direct in that stores fall over," says Ronald Bezemer of real estate fund Corio, which incidentally has no V & D buildings. "Then we sit vacant and without income." Usually, the rent is "up to 10 to 15 percent" of the burden of the retailer, mm direct he estimates. The problem is not only the rent charge, so they jointly discuss what can be improved, if the rent actually goes down. 3. Can owners V & D from the premises set?
That can not happen overnight. They can refuse the proposal of V & D. "Owners will try V & D to keep the contract," says Gerritse. But if V & D does not have the money, that will only lead to bankruptcy, so (temporary) vacancy.
"That will vary from location to location," said Brigit Gerritse of shopping advice. In big cities you can expect other chains "like Primark, H & M and Forever21" interested.
For smaller cities facing high shop vacancy, that is different. Since the owners have less or no choice, even though they also say that finding a new tenant is no problem. Achmea expected "definitely" interested, says spokesman Eric van der Struijs. Achmea manages pension funds for six V & D buildings, including in Emmen and Rijswijk.
In Den Bosch and Sittard expected Jos van de Mortel or to find a new tenant. An additional advantage according to the Mortar: leave as V & D, "then we can increase the rent." 5. What does this mean for the other stores?
If the landlords V & D give his sentence, which may have implications for other stores. If a neighboring shopkeeper mm direct also feels that he pays too much, he can go to a magistrate. Which weighs over with rents of comparable properties.
If not, and another chain in the V & D property comes, it may affect the rents in the area. The arrival of the popular cheap Irish clothing store Primark example, may drive up prices in a sleepy shopping.
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