@TheBusJourney #SMEJourney The Business Journey Event No.5 7 May 2014
Jun 30, 2015
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The Business JourneyEvent No.57 May 2014
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The Business Journey Partners
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Martin Edgar
Opportunities to reduce your occupational costs
Martin EdgarEdgar Property Solutions
“Even the best hotels don’t want empty rooms”
The key elements
• Rent review • Service charge• Rates• CVA (company voluntary agreement)• Break options / lease expiry
Break Option & Lease Expiry
95 Bothwell Street, Glasgow
• “Did they have any intention of triggering the break option?”
• “Was this a good deal for the landlord?”
Holyrood Park House, Edinburgh
Trigger Notices
Remember Important Dates
• “Dates are best retained by connecting them with important dates already firmly established in the mind” Dale Carnegie
Cigarette advertising is banned in the UK – 31st July 1965
British Army leaves Northern Ireland – 31st July 2007
Mick Jagger and Keith Richards end one month jail sentence – 31st July 1967
• Take time out to plan ahead• Acting well in advance of lease event will save you money• Leaving it too late will weaken your negotiating position
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Questions for Martin?
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The Business Journey Partners