Borders Bookstores filing bankruptcy, closing stores

[Yeziknoradio]

The dangerous move is to open up a "month to month" store.
Then suddenly, someone really does figure out how to cough up the right amount of cash to sign a 10 year lease.
Suddenly, out the door you go!
Just as you thought your business was doing sooo well!

The beauty of a 10 year lease is, if a developer were to buy the land, they have to PAY to relocate you. If they buy the land on your month to month deal, you're Royally screwed! 
On the other side of the coin, you could end up "working for the landlord" if business is slow on a 10 year lease.

[Silkie]

Five year leases are more the norm, but lately there are not many leases for any term.  People are too nervous about going into business - at least in America.

[MarcB]

Westfield the Australian based conglomerate that owns numerous  shopping malls all over Australia and the US and basically told the owner of Magic Carpet Toys at the Meriden Square Mall (I refuse to acknowledge by it by its homoginized corporate name Westfield Meriden) we have someone who wants your spot and is gonna pay us more money. You have 3 weeks to pack up your crap and leave.

[quadraphonic]

Don't feel bad for the toy store Marc. It's business. They should have known that was a risk.

[flashback]

if they had a monthly lease ti was their risk.unfortunatly.