Your Landlord Lowered the Rent. Now What?

You have convinced your landlord to lower the rent for the next nine months. He was quite generous, a 50% discount, and he's not even requiring you to payback the difference. Now what do you do?

You need to turn things around fast--its not likely your landlord will be as accommodating if you can't pay the full lease amount in month ten. You need to focus on two areas: cutting expenses and increasing revenue. You need an action plan and you need to put it into place ASAP. Here are some suggestions:

Cut/eliminate all expenses that do not affect the quality of your product or service
Work more hours, cut your employees' hours
Ask your suppliers for discounts
Market to your current customers more often and ask them for referrals (This assumes you have a database of current customer--IF YOU DON'T, Start One NOW!!!!!!)
Budget your savings on the rent for more marketing---Marketing that is measurable and has an immediate impact and yields a positive return on investment
Join a networking group that shares leads
Are you marketing online? Blogs, Facebook, Twitter, MySpace,...Do it! It's free and a great way to target your messages
Do you have any ideas I can post? Please contribute!

How to write a Rent Relief Letter to your Landlord

We have written to dozens of landlords in the past nine months and have created a 60 minute workshop to help others. Join us July 21 and we will give you the tools to requested a rent reduction from your landlord. This workshop is for business owners who are suffering in today's economy. Sign-up at myLeaseModification.com

Write a Letter to Your Ladlord to Lower your Rent

You can just go to you landlord and ask him to lower your rent, but if that is your strategy, you have already lost. You need to be very prepared and ready to face your landlords questions and legitimate concerns....How much savings are you requesting? How long? What will you do with the savings? How can I be sure you won't be in the same position in 9 months? Will you pay it back? Will you forgo your options to renew? Do you want a new lease?

When we approach landlords on behalf of hard working entrepreneurs, we make sure we are prepared. You can see actual rent relief packages, lease modification requests, and landlord letters that we have used to save our clients thousands of dollars at myLeasemodification.com and