So is poster alergictobees correct with:
"Issue they currently have is stores walking away with lease tails of 5 years plus. The tiny bank guarantee covers very little of that exposure."
I have seen two lease agreements one where the franchisee's home was the bond and another where the bond was with the bank as the poster mentioned , obviously the bond on the home is a far more onerous position to be in that a small bank guarantee .
Wonder what proportion of leases are securitised by a bank guarantee and what proportion have a house for security .
I like RFG, page-30
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