Having previously advised that now is the time to renogotiate your lease, the GMB union has announced that MFI is attempting to do just that by asking its landlords to agree a rent free period to stave off administration. It will be interesting to see whether MFI is successful but it is another example of a major retailer seeking to renegotiate terms with its landlord.
If you are considering renegotiating your lease then now is the time to take advantage of Cousins Business Law's free lease review service
Steve Petty, Commercial Property Lawyer
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