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It is also worth noting that managing agents are in many cases willing to discuss rent referral deals but are not willing to defer or discount management service charges in shopping centres as that of course is where they get paid from .

I have concluded a 50% discount on outstanding rent payable over 23 months. That deal will not go ahead unless I pay the service charges in full upfront .

The government must ensure that managing agents are not able to hold retailers to ransom. Almost none of them have significantly reduced the operating costs of empty shopping centres that they made certain to keep open in order to collect fees in full.

Sharp practice would be one fitting description of managing agents attitude. !

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