Vera and her family are long term clients of our firm. Vera owns a commercial property from which the tenant operates and runs a motel business.
For years Vera had been acquiescing to the tenant’s requests to waive rent increases to the point that the property has become an unviable investment for the family.
We assisted Vera in managing the tenant’s expectations, ran the appropriate market review process and ended up achieving a significant rent increase by bringing the rental in line with what should be realised in the then current market.
