Landlord keeps increasing the rental every time. What should I do?
The lease of my shop expires in two months. I will like to renew by the landlord keeps increasing the rental per square meter almost every week. He seems to be holding me to ransom. I have operated the shop the past 5 years and created a lot of goodwill. If I vacate, it will seriously hurt my business. What do you advise?
If your lease is expiring and there is no clause which states that you can automatically renew, then I am afraid your only recourse is to negotiate. Landlords who see that shops are profitable have a tendency to want to exploit the situation when the lease expires. I would suggest you get a third party to negotiate a renewal, preferably a seasoned estate agent.