According to a press release from the department,
the net leasing cost for the school was $ 51,529 per month.
Not exact matches
However, it's led by a management team with 35 years of experience in the industry, having built three previous triple
net lease REITs (tenants pay all taxes, maintenance, and insurance
costs) with a total of 9,100 properties.
While the structure has still to be finalised, analysts believe Coles will have
net debt between $ 1.5 billion and $ 2.1 billion — half of Wesfarmers»
net debt of $ 3.9 billion — annual
lease costs of $ 1.25 billion and fixed charges cover between 2.6 and 2.8 times, which should enable it to achieve an investment grade credit rating of BBB or BBB +.
RE the CMRR
lease, the cash rent is based on a percentage of gross revenues (starting at 1 % initially and rising to the current 5 %) minus the
cost of rehabilitating at least 1 mile of track per year to Class 1 standards... it is not based on
net revenue as mentioned in the editorial.
(
Net) Capitalized
Cost: A leasing term that means the sum total being financed through the lease — vehicle price plus any extras and minus the capitalized cost reduct
Cost: A
leasing term that means the sum total being financed through the
lease — vehicle price plus any extras and minus the capitalized
cost reduct
cost reduction.
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costs, including with respect to store closings, relocation, occupancy (including in connection with
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If tenants pay what's called a triple -
net lease, meaning they pay almost all expenses, then
costs for the developer and investors will be much lower but the rent collected won't be as high.
For those readers not familiar with triple
net leases, also known as NNN (not to be confused with the ticker symbol NNN), it is a contractual relationship where the tenant is responsible for property taxes, insurance, and maintenance
costs.
The typical triple -
net lease agreement makes tenants responsible for monthly retail insurance, property taxes, utilities and maintenance
costs.
But Nevada
leases are dirt - cheap, and drilling only commenced 3 - 4 mths ago — so, counting cash on hand / raised, vs. annual expenses & projected drilling
costs, I reckon Cash will soon
net out around $ 2.3 mio:
The easy - to - use tools include several analytical calculators to provide personalized calculations and analysis of your
net worth, budget, expenses, mortgage payment options, buy versus
lease, life insurance requirement, investment goals, tax - advantaged investments, loan interest payments, debt consolidation, accelerated debt payoff, savings plan, child education
costs, retirement planning, retirement income needs, RRSP contributions, and RRIF payments.
BA Value Investors has disclosed a 5.1 % holding in VaxGen Inc (OTC: VXGN) and, in a letter to the board of directors, called on VXGN to «act promptly to reduce the size of the board to three directors; reduce director compensation; change to a smaller audit firm; terminate the
lease of its facilities; otherwise cut
costs; make an immediate $ 10 million distribution to shareholders; make a subsequent distribution of substantially all the remaining cash after settling the
lease termination; distribute any royalty income to shareholders; and explore ways to monetize the public company value of the Issuer and use of its
net operating losses.»
BA Value Investors had previously disclosed an activist holding and, in a June 12 letter to the board, called on VXGN to «act promptly to reduce the size of the board to three directors; reduce director compensation; change to a smaller audit firm; terminate the
lease of its facilities; otherwise cut
costs; make an immediate $ 10 million distribution to shareholders; make a subsequent distribution of substantially all the remaining cash after settling the
lease termination; distribute any royalty income to shareholders; and explore ways to monetize the public company value of the Issuer and use of its
net operating losses.»
* $ 7.0 million in debt, * $ 3.1 million of accrued liabilities at December 31, 2008, * $ 3.1 million of remaining building
lease obligations,
net of potential subleases, * $ 2.2 million of estimated severance for Named Executive Officers, * $ 5.0 million of estimated operating expenses for the six months ended June 30, 2009, * $ 2.3 million of estimated winddown and other transaction
costs,
VXGN has now also attracted the attention of BA Value Investors, which has disclosed an activist holding and called on VXGN to «act promptly to reduce the size of the board to three directors; reduce director compensation; change to a smaller audit firm; terminate the
lease of its facilities; otherwise cut
costs; make an immediate $ 10 million distribution to shareholders; make a subsequent distribution of substantially all the remaining cash after settling the
lease termination; distribute any royalty income to shareholders; and explore ways to monetize the public company value of the Issuer and use of its
net operating losses.»
In addition, because triple
net leases require the tenant to pay maintenance, taxes, and insurance
costs, the rent EPR generates is extremely profitable.
Net leases (insurance, property tax, maintenance
costs): Who pays for all of this?
Sometimes this is done in anticipation of one or more of the units being
leased with ownership - like responsibilities falling upon the tenants (e.g. in the case of a typical triple
net lease where almost all ownership
costs are the responsibility of the tenant).
«Land
costs have increased over the last five years to a point where it is difficult for an investor with less than $ 250,00 to buy any single - tenant
net lease property,» Sturm said.
If the
net lease indicates the landlord will be responsible for payment and will be reimbursed for these
costs, once the landlord submits proof of payment to the tenant, there is a good chance the lender will require an impound account for the property, taxes and insurance.
It might be possible to buy a smaller building, with
costs and realty taxes that total less per square foot than the
cost of
leasing in a big tower and paying
net rent plus operating expenses, says Higgs.
Stripping out these
costs will be easy with a pure triple -
net lease since the tenant pays all those
costs separately.
But owners using
net lease structures need to be wary of assessments, even if they aren't bearing the brunt of the
cost.
Most
net lease transactions are structured with a triple
net lease, which requires little direct management because the tenant pays all taxes, insurance and maintenance
costs.
Only 1.6 percent
cost more than $ 10 million — representing less than 1 percent of the entire
net lease market.
«Typically, a company would expect to pay
net -
lease rent equivalent to 10 % to 12 % of the
cost of the property,» observes Ralston.
However, the underlying factor in
net -
lease finance activity in 2000 will be the
cost of money.
The courts disagreed with the landlord and concluded that it's not enough to simply agree that a
lease is
net free or use broad language to imply that administrative and management fee
costs are part of Additional Rent.
In a triple -
net lease agreement, the tenant pays all real estate taxes, building insurance, and maintenance
costs, making it less risky for the building owner.
In the
net lease sector, a single tenant, triple
net lease developer often works with a construction lender that will lend 80 percent loan to
cost.
Certain of these REITs structure their underlying investments as
net leases in which the tenant is responsible for bearing real estate
costs directly, such as property taxes, insurance, operating expenses, and capital items - in addition to rent and utility payments.
Most
net -
leases are long term (10 - 25 years) with
cost - of - living increases in the rent.
Ground
Lease A&D Loans, up to 100 % financing; Construction Loans, up to 95 % loan - to -
cost financing; and JV Equity, up to 95 % equity financing for build - to - suit
net lease transactions.
Under most
net leases, building owners have no incentive to invest in efficiency for their building systems because the operating expenses are passed through to tenants, who would therefore receive all of the energy
cost savings.
The FedEx preferred developer secured 95 % loan - to -
cost financing under a program designed to provide
net lease developers with the additional capital they need to increase the size of their pipeline and meet tenant construction schedules.
In a triple -
net lease, the tenant is responsible for paying taxes, maintenance fees and insurance
costs.
Like homeowners, commercial tenants now regularly consider these
costs, as many are involved in triple -
net leases or other agreements with owners that require them to contribute to such bills.
The cashflow figures we are using to pay off the mortgages as well as the cashflow figures used to calculate the income at retirement are
net of all operating
costs (property taxes, insurance, homeowners association dues, maintenance and repairs), vacancy provisions and
leasing fees but before taxes.
A triple
net lease is an agreement where the tenant will not only pay the fixed amount of rent every month but also all
costs that are related to the property including but not limited to; Common Area Maintenance (CAM's), Taxes, and Insurance.
If tenants pay what's called a triple -
net lease, meaning they pay almost all expenses, then
costs for the developer and investors will be much lower but the rent collected won't be as high.
The property, which is let to the First Stop Tyres service centre on a 25 - year full repairing and insuring (FRI)
lease from December 14, 1998, is producing a current rental income of $ 96,500 per annum, reflecting an attractive
net initial return of 9.2 pc, based on standard acquisition
costs of 4.46 pc.
For example, if a building is purchased for $ 1,000,000 sale price and it produces $ 100,000 in positive
net operating income (the amount left over after fixed
costs and variable
costs is subtracted from gross
lease income) during one year, then: