Just like any contract agreement, you can renegotiate.  With the current economic climate, more and more tenants are requesting to renegotiate their retail and business leases.  This is especially popular for those who entered into their lease agreement at the economy’s peak.  Business lease modifications should become easier as the commercial sector becomes the next shoe to drop in this recession.

In this same respect, you are seeing leases that are back loaded with rapid increasing adjustments and very vague, open-ended operating expense clauses.  Though business leases are not much different than the last recession, many are still anticipating a prolonged dip in the commercial leasing industry.