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LETS GET DOWN TO BUSINESS.

Question :
How do we continue to pay (reduced) rent for the retail space while not being able to able to sell from that address? Is there a way to move out prior to the end lease date (April 2021) so that I can transition into providing my products and services being based from home and operating as an online ecommerce business.

Question submitted 18/04/20 @ 08:47pm
Industry: COVID-19 Funding & Support
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  • Hi there – this comes back to your rental agreement, and your engagement with your landlord – what the lease says and how open the landlord is. Some landlords have agreed to full abatement (just pause on lease) while others have agreed to a discount of between 20-50% – and yes some have said ‘no you have to pay the lot’ – focus on your lease and engage with you landlord. Good luck. Andy

    Hi again – I would be happy to have a chat and take a quick look at your lease to see what else you might be able to do. Please feel free to email me at amanda.spratt@minterellison.co.nz

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