Sentences with phrase «lease extension»

The landlords claimed the ability to increase rent to fair market value (rent increase dispute in excess of $ 1,000,000 per year for lease extensions for the next ten years).

So big landlords, who were always in the business of selling lease extensions, can carry on almost as usual, but under a more advantageous tax regime.

It isn't clear that without a proper lease extension that the agreement to renew could be enforced.

This problem is adding to the issue of expensive lease extensions.

Company executives began initiating lease extension talks with tenants in anticipation of the downturn three years ago.

Some vacation rental property manager's nickel and dime owners with endless fees, such as property visitation fees, repair coordination fees, leasing fees, lease extension fees, and so on.

It has even been possible, in one case, for the head lessee of a large mansion block in east London to claim statutory lease extensions on all 28 of the flats within the building — Maurice v Hollow - Ware Products Ltd [2005] 2 EGLR 71, [2005] EWHC 815 (Ch), [2005] All ER (D) 254 (Mar).

Acting for a tenant in respect of its statutory lease extension claim which, after months of negotiations, Tribunal Directions and an application to Court, eventually settled at a premium of circa # 6m.

In exchange for the lower rent, landlords requested lease extensions of three months to one year — something Nicholas was happy to do because she didn't want to move anyway.

80 % of new build flats are not sold with onerous ground rents, most new build flats are given RPI linked reviews which are by no means onerous and easy to buy out via a formal lease extension if required.

The tribunal also concluded that the sales prices being achieved were hopelessly corrupted by the influence of previous tribunal determinations on the purchase prices for statutory lease extensions or for freeholds: those prices, in effect, determined what purchasers would pay for the reversion, which made the evidence circular and therefore worthless.

Chief among the recommendations was easing the lease renewal process through legislation that would institute a mandatory, nonbinding negotiation and mediation period for store tenants and landlords, with the option of a one - year lease extension with no more than a 15 percent rent increase.

«Despite our best efforts to secure lease extensions at both our Forest Hills and Bayside Barnes & Noble locations, the respective property owners decided to lease to other tenants,» said David Deason, the vice president of development at Barnes & Noble.

The Ontario Superior Court of Justice's contentious judgement in 1251614 Ontario Ltd. v. Gurudutt Inc., 2015 ONSC 2141 provides a cautionary lesson for tenants entering into leases and those exercising lease extension or renewal options (referred to as extensions hereafter).

«The Brookdale lease extension that we announced on Friday is really fantastic.

With the company's 645,000 square feet in the building set to expire in 2018, the tenant signed an early lease extension on the 361,000 square feet it wanted to retain.

Chicago Park District officials are preparing to negotiate in earnest with the Chicago Bears for a Soldier Field lease extension, but they will not try to impose onerous terms on the team, General Supt. Forrest Claypool hinted Tuesday.

We're proposing to institute a mediation period, require landlords to notify small business tenants of their intentions six months before a long - term commercial lease ends, and provide a one - year lease extension option as a safety valve.

But, Patrick87 rightly notes that it isn't clear if the form in question is legally binding lease extension, or simply constitutes an expression of present intent that you retain the right to change your mind about.

For the time being, it is likely that property with leases below 80 years remaining will continue to suffer a more limited demand in the sales market — spurring most leaseholders into negotiations for lease extensions prior to marketing.

The court's conclusion must be correct as regards lease extensions, but the position regarding enfranchisements is potentially more complicated.

«Securing a long - term lease extension with Profil provides added stability to the building's leased rate, currently 100 percent, which significantly outpaces the local submarket,» he said in a statement.

The transaction was the first to be completed under the innovative program, which offers investors 85 % loan - to - purchase price financing for short - term situations such as re-tenanting vacant buildings, net lease property acquisitions with lease extension opportunities, sale / leaseback transactions and more.

- ft. lease extension and expansion at Executive Park at East Gate, located at 112 West Park Drive in Mt. Laurel.

OAK BROOK, ILL. — Retail Properties of America Inc. (RPAI) has completed multi-year lease extensions among its wholly - owned subsidiaries and Aon Corporation for approximately 819,000 sq. ft. in Lincolnshire...

The Lease Renewal or lease extension form is to be used as a template in order for you to process renewals quickly and easily.

Honda has just announced they will offer a 2 year lease extension on the 2013 and 2014 Fit Electric Vehicles.

David Donaldson QC, sitting as a deputy judge of the Chancery Division, upheld the claim by the head lessee of the block to be entitled to lease extensions of each of the 28 flats, by virtue of the head lease, under Ch 2 of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993).

A detailed examination of the law and the valuation house lease enfranchisement and lease extension claim follows, with detailed accounts of the different issues that have to be considered from which house leases qualify and what can sometimes be a difficult question of whether a particular building is a «house» or not.

The Ontario Superior Court of Justice's contentious judgement in 1251614 Ontario Ltd. v. Gurudutt Inc., 2015 ONSC 2141 provides a cautionary lesson for tenants entering into leases and those exercising lease extension or renewal options.

In broad terms, there are two elements that make up the compensation for lease extensions and enfranchisements:

The tribunal said that what drove the open market sales prices was purchasers» expectations that they would be able to make a profit by selling statutory lease extensions and releasing marriage value, whereas, paradoxically, in the hypothetical world envisaged by the statutory valuation, this possibility had to be disregarded.

Developers can now buy a lease of a house or a flat and, so long as the conveyancing has been tied up neatly, they can claim the freehold or a 90 - year lease extension, even though they have no intention of ever living in the property.

That could comfortably support a lower price of $ 2.5 million to $ 3 million, he says, but only with a lease extension.

Without a lease extension or an option to buy the land, you're left with a deal that has to pay for itself in less than 12 years.

The county and the Crunch are nearing a lease extension, but it hasn't been finalized yet.

Singh also claims that he bribed Mayor Bill de Blasio with campaign cash for favors that included a lease extension on Water's Edge, but prosecutors last year declined to charge de Blasio, who has vehemently denied the bribery allegations.

Silver says since agreeing to a lease extension in August, the county changed its position on a number of items, including upgrades to the stadium.

The lease extension will help bring in enough money to offset the cost of the renovations, Fisher said.

Syracuse, N.Y. — In 2012 - 13, the Syracuse Crunch and Onondaga County agreed to a lease extension that was intended to keep the AHL team in the War Memorial until at least the 2023 - 24 season.

Singh is testifying against Mangano as part of a deal with the feds in which he secretly pleaded guilty to eight felonies, including bribing de Blasio with campaign cash for a «favorable» lease extension on his since - shuttered Water's Edge restaurant in Queens.

Her experience in the field includes property sales and purchases, equity transfers, re-mortgaging and lease extensions.

Your Co-Signer Agreement should include information like: who is the landlord; the name (s) of the tenant (s); when the original lease was signed; the rental property's location; the co-signer's name, driver's license and social security number; whether the co-signer will be responsible for any lease extensions or modifications; and any other special provisions.

Victoria has a broad commercial property background including landlord and tenant matters, disposals and acquisitions, lease extensions, property management and assisting clients on general commercial real estate law.

These agreements will effectively extend a lease and sets forth all provisions surrounding the lease extension and any lease terms that will remain the same.