Question: Campbells business is in financial difficulty. Technology is advancing quicker than Campbell can move. She is faced with a gradual reduction in business operations and

Campbell’s business is in financial difficulty. Technology is advancing quicker than Campbell can move. She is faced with a gradual reduction in business operations and a related need for less space. She has 20 years left in the lease of her business premises but cannot afford to pay the monthly rent. How should Campbell approach her landlord? What are her legal options? Is the situation different if Campbell owns her business premises subject to a mortgage on which she cannot make the payments? How should she approach her banker? What are her legal options?

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Campbell ought to approach her landlord to request a renegotiation of her lease She should make her ... View full answer

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