Two Office Landlords Defaulting May Be Just the Beginning
Hopefully.  It&#x27;s unclear what value commercial property landlords bring to the table.  They don&#x27;t finance the development - that is done by banks.  They don&#x27;t do repairs - at the commercial property I&#x27;m involved in the tenant has to do that.  They don&#x27;t fit out the shop - we had to do that, <i>and</i> we have to remove the fittings at the end of the tenancy.  They aren&#x27;t flexible - it&#x27;s a virtually unbreakable 10 year lease, to move you have to find a replacement tenant.