That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
Value in Variation
Understanding Deeds of Variation in Commercial Leases
In this episode of 'That Retail Property Guy,' hosted by Gary Marshall, we take an in-depth look at Deeds of Variation - legal documents that allow modifications to existing commercial leases. Common reasons for these variations include adjusting rent review frequencies, allowing structural changes, removing break clauses, and modifying the actual demised space. He also discusses potential implications, such as tax liabilities and balance sheet variances, advising tenants to seek professional advice when considering lease modifications.
Tune in to gain valuable knowledge applicable to estate management, particularly from a retail tenant's perspective.
00:00 Introduction to Retail Property Management
00:29 Understanding Lease Contracts
02:17 Flexibility in Lease Agreements
03:28 Deeds of Variation Explained
05:25 Practical Examples of Lease Variations
11:01 Legal and Financial Implications
15:53 Conclusion and Final Thoughts
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Go to ThatRetailPropertyGuy for more on Gary Marshall, Smarter Estates and the TRPG podcast. You can also check out the TRPG Blog for reading versions of key episodes.
For our niche 'Accounts Recoverable in Retail Property' business services, visit SmarterEstates
And find Gary and team on LinkedIn for regular updates and community info!
