this post was submitted on 12 Sep 2023
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Yes, yes I do.
Why would they risk losing all of that income when they would lose a lot less if they just negotiated with the tenants? Sounds like they're really bad at business.
Because they could replace them with tenants who will not only pay the new rate, but not be a pain in the ass.
Your hypothetical tenants are not negotiating from a position of strength at all, they can be easily replaced.