CHICAGO — Let’s say, for the sake of argument, that you’re in the third year of a five-year lease. But times are tough. The economy in your area is down. Everyone is complaining. Many of your customers are still out of work.
The tenant next door moved out in the middle of the night. The anchor tenant at the end of the strip may be declaring bankruptcy. Is this a good time to approach the landlord to renegotiate your lease? You bet it is!