Eli5: Why are so many office blocks and retail shops in UK that are ” to let” remain empty for months, rather than to reduce rent ? Why do landlords do this?
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Why doesn’t a third party go up the chain of ownership and offer to purchase the contract/perpetual lease at some value (which would give real cash to the owner today vs. nothing today) and then modify the contract to enable the middleman to finally lease the property and generate a return?
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