I was on the phone with a friend yesterday, and she was sharing her predicaments.
Years of loyalty and patronage went down the drain when the owner of a commercial building decided to force the tenant (my friend) to vacate the three units, which they had been renting for 16 years. The landlord no longer wants to renew the lease contract.
Reason? Someone else needed the spaces. Well, they do too, but why ask them to leave when they are paying their dues without issues? Because that someone had outbid them and they didn't even know it. Sigh...
The owner did give them four weeks' notice (starting last month), but it simply isn't enough, especially with the holidays. I honestly felt sad for my friend. They are now scrambling to find a place to move. Their businesses have already been established in that prime location since 2009, and it will certainly be a challenge for them to restart elsewhere. Their customers might not follow them to the new location.
"I'm so stressed right now," she lamented. "I don't know where to start, with barely a week left," she continued. She shared that they had not enjoyed welcoming the new year because they had been busy searching for a place to relocate. She added that they have been informed they need to remove any improvements made (everything they had installed) since their occupancy over a decade ago.
Unfortunately, there wasn't much they could do legally. Or they might have, but it would be a hell of a headache, which she doesn't wish to go through. She admitted that years ago, her siblings and parents had suggested they start building their own place instead of renting, but they let the years slip away without doing anything. They were paying half a million annually then, and the rentals had been increasing year after year. So, roughly calculating, they made the landlord richer by about 10M!
"I could have bought or built a fine house with such an amount," she sighed with a hint of deep regret for not listening or at least considering her family's suggestions. Time had already passed, and she couldn't go back. Dwelling on "if onlys" and whatnots wouldn't help either.
But yeah, what a hard way to learn a lesson! She certainly paid an expensive tuition for it. And I really hope she will do better from here on.
