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Approaching Property Owners

Approaching Property Owners

Before approaching anyone with a property that might potentially be suitable it is wise to be clear about what you are asking for and what you are offering. It pays to be flexible enough to respond to the needs, constraints and priorities of property owners but it is also best to do this from a position of being clear about what you want and are proposing.

Renew Newcastle negotiates directly with property owners. As a rule it finds them through networks of contacts, through direct approaches, through media and publicity, through inviting them to talks and events and in some cases they have approached us.

What to ask for

Renew Newcastle asks them for the right to access their otherwise empty building on a rolling 30 day basis for a suitable project. It is explained up front that the agreements offered ensure that there is no opportunity cost should someone want to use the building. If they want to sell or someone wants to move in, Renew Newcastle projects will move out. The agreements are license agreements (essentially direct contracts) rather than leases to ensure that they are as tax and hassle friendly as possible to the property owner. Renew Newcastle generally likes to take the time to listen to the owners’ long term plans and allow them to be involved in selecting the projects from a shortlist that they propose to them.