Restaurant Rent Reduction Request Letter

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There are times when a restaurant business will struggle and the market for commercial rental property is harder to maintain, which is why we have designed this Restaurant Rent Reduction Request Letter template to help restaurant owners request a reduction from the property landlord. Many restaurants, including independent and chain operators, are actively approaching their landlords and asking for concessions such as temporary or even permanent reductions in the amount of rent they pay. This professionally designed template will help you get the job done. Be able to create a well-formatted formal letter of request with our versatile template by downloading today!

RESTAURANT RENT REDUCTION REQUEST LETTER

[DATE]

To [RECIPIENT NAME],

We're writing in regards to the renewal of our lease at [AREA/PLACE]. On [DATE 1], we [NAME] moved into a unit in the previously mentioned property. From that point forward, property estimations in our general vicinity [DETAIL] have declined. Further, unit opportunities generally rose to [DETAIL 1].

Market analysts and land specialists foresee the decay to proceed as the years progressed. In our building, that has implied confronting a void unit for a while. Units like our own have been leased as of late to occupants with FICO ratings and livelihoods lower than our own at significantly less expensive rates than what we've paid. A lease climb appears to be conflicting with late economic situations and unjustifiable to paying inhabitants like us with faultless records.

We've affirmed that a unit about indistinguishable to our own is leasing at [NUMBER] for a one-year rent. We ask that our rent, in any event, should coordinate that. This would fulfill your enthusiasm for keeping our unit possessed and our enthusiasm for remaining in your working at a sensible rate. In a perfect world, a markdown would bring down our lease to [NUMBER 1] for a one-year rent.

We anticipate proceeding with the discussion and get notification from you in the blink of an eye. Thank you and we will wait for the good news of our rent reduction request.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]