Sad times
That’s what I don’t get about some commercial landlords in HK, Always increasing rents whenever the contract is up for renewal then go through the hassle of finding a new tenant and paying extra fees etc to agents and also losing rent whilst it’s empty.
We own two commercial properties and the tenants have been with us for over 10 years, We charge just below market rate thus rewarding loyalty.
We don’t need the extra cash as it’s stability we’re more concerned about especially with the fact that we’re based overseas now.
They pay on time and are no hassle to us, So why bother to increase constantly for the extra bit of cash?