Small, owner-operated businesses, on the other hand, are usually not in the same league when it comes to legal and financial power. Additionally, owner-operators are fully engaged in the daily operations of their businesses. Time away from business activities often has a direct impact on revenues. Spare time is not something most small business owners enjoy.
Granted, the Law may govern Retail Shop Leases. However, the reality is that the relative time and financial ‘power of the parties’ is at the core of their relationships. Small business owners who are entering into lease agreements with landlords would be wise to bear in mind that the landlord is likely to have a particular ‘power’ advantage in any lease arrangement they enter into.
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