General Urban Kitchener Updates and Rumours

[ijmorlan]

This is it! Barbers lease is month to month with clause that Perimeter could stop it at anytime. Perimeter wanted investment (renovations) in the space to bring it up to par with the renovated Walper. Perimeter wanted a long term lease that was much higher than month to month was. Barbers could not afford any of that. Barbers are forced to move out because they simply cannot afford the new terms.

It's not that extraordinary

Rule 1 of real estate: if you want security of tenure, own your property.

Also have it in a jurisdiction where wealthy, politically-connected developers can’t just get the city to declare your area “derelict” and take it away well under true value. But that’s a whole other issue…