I actually think there's a business to be had here.

As described, the landlord can't offer a traditional lease for the actual value of the space.

However, the landlord could offer essentially day rentals without creating a lease. There are systems for this already, such as Peerspace and their ilk, which I've used for small events. I believe these don't trigger the foreclosure clauses.

I think that a property management company managing deeply underwater buildings could play in this, reducing their cost structure by offering day rates. They've often already got a solid NFC entry system. Most of what you need is automated pricing, onboarding and offboarding, and figuring out how you avoid needing physical cleaning/setup/teardown overhead.

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zipy124 an hour ago | parent | next [-]

I can't comment on that specific structure, but pop-up shops are one method that in the UK councils will often help vacant buildings with for exactly this reason, with the upside that they may convert into permanent tenants.

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GJim an hour ago | parent | next [-]

Yup....

And the downside is loads of reasonably successful decent small shops in the UK now have to close after 12-24 months when the rents get jacked-up from sensible to astronomical levels. None of them become permeant tenants unless they are a front for money laundering (hence the explosion of nail bars and barbers on the UK high street) or illegal goods (dodgy vape shops).

https://www.bbc.co.uk/news/articles/cqj1rkqqrgro

Your local press (if yours still exists) will also be full of such stories.

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Schiendelman an hour ago | parent [-]

Anything over 30 days is likely not to be a pop-up shop. There's no way to give a tenant 12+ months without triggering the foreclosure clauses, AFAIK.

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GJim an hour ago | parent [-]

The UK is different old boy.

	▲	Schiendelman 43 minutes ago \| parent [-]
		Of course it is! But I don't think it's different in this way. Did you have a specific data point about a 12-24 month rental getting kicked out in order to prevent foreclosure?

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Schiendelman 41 minutes ago | parent | prev [-]

Isn't that through council subsidy rather than avoiding a foreclosure-trigger tenant agreement?

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mstade 2 hours ago | parent | prev | next [-]

So, wework? :o)

	▲	Schiendelman an hour ago \| parent \| next [-]
		Ha, cute, but no, very different. Wework is a tenant, and does significant buildouts. This would be "you can use the space for a few days or weeks". I've seen companies provide some moveable furniture in a space like this - some desks, some extension cords - but it has to be up to the temporary user to configure and put things away when they're done.
	▲	sam_lowry_ 2 hours ago \| parent \| prev [-]
		Gosh... someone finally explained the WeWork business model that is more reasonable than "walk barefoot and expect money to rain from the sky".

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grebc 2 hours ago | parent | prev | next [-]

I own a commercial property, I wouldn’t want to have day to day rentals.

I don’t enjoy dealing with property management or the fees they charge.

	▲	Schiendelman an hour ago \| parent [-]
		Tell me more - is your commercial property vacant? I'm a landlord myself, and the calculus gets very different when you have a long term vacancy.

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yellow_lead 2 hours ago | parent | prev [-]

well, isn't the rent estimated as the daily rate * 30 then?

	▲	Schiendelman an hour ago \| parent [-]
		By whom, for what purpose?