We are in the middle of winter - depending on where you live in
Australia it can be a miserable time weather-wise, with cold and
damp evenings and chilly winds. Unfortunately, the past few
months have heightened the feeling of winter as we continue to see
the chills of economic dislocation impact on the business community
through events largely out of our control. If you are working
in the franchising industry, you are likely to be facing
particularly difficult times.
As a practitioner representing tenants in various sectors of the
economy including the retail and franchising sector, I am seeing
the impacts of the current environment first-hand. Specifically, I
am seeing a number of tenants who are struggling to honour their
leasing obligations. I want to share my observations as to
what I am witnessing and what you can do as a tenant.
