After a little more than three years of operation, a local bookstore has lost its lease and might be forced to relocate or close for good.
Branch’s Chapel Hill Bookshop, owned and operated by Kate Branch, has been located in Village Plaza on Elliott Road for about three years.
But Friday, Branch found out in a phone call with the store’s landlord, Mark Properties, that the store had officially lost its lease.
Because Branch was out of the state in January caring for her sick grandfather, the store fell behind on its rent.
When Branch’s grandfather passed away, she returned to her store, which was already in trouble for the late payments.
She said she negotiated a payment plan with the landlord and was working on a negotiation for reduced rent.
But after a check bounced, she sent the landlord an envelope containing payment replacing the bad check and other payments.
Two weeks later, the envelope was returned to her because it had insufficient postage.
Branch now owes about $92,000 in rent.