[quote=graciegirl;614451]
Quote:
Originally Posted by blueash
I may have bad information, but I have been told that the developer collects a percentage of all sales in the squares. I
That is how business is run in certain areas such as malls. It is customary...everywhere in this country. I don't shop in some areas because I KNOW the prices are higher because of the customary percentage given to the owner of the buildings. Many Business owner decide to rent outside of such areas because they can keep their retail prices lower, but they sacrifice the high volume walk in business that a place like the villages town centers generate.
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Thanks for clarifying that Gracie. A lot of people have complained about the landlord (Developer) getting a percentage of the net or gross but that is business as usual. The tenant is aware of that when the lease is signed. It is probably the one business expense the tenant can predict over the term of the lease. Claiming a business failed because the rent was too high doesn't make sense. Businesses usually fail because of any number of other reasons.