Sentences with phrase «paid under a lease»

Especially one that starts with the judge proclaiming, «The parties have been engaged in a hotly contested dispute over the question of Additional Rent to be paid under a lease» (C.C. Tatham & Associates Ltd. v. 2057870 Ontario Ltd, [2012] O.J. No. 5557).

Not exact matches

And some still - unapproved firms are under pressure from their impatient investors, who have leased buildings, hired staff and paid legal fees with no returns in sight.

Under Steinhafel, the company paid $ 1.8 billion for the leases to the entire Zellers chain in 2011 and formulated a plan to open 124 locations by the end of 2013.

The 2003 deal sets a base yearly payment of $ 275,000, but the operators of the grill have not paid that because it was deferred under terms of the lease, lawyers said.

Under other proposed uses for money from the lease deal, $ 120 million would be placed in a reserve designed to generate income to replace the Park District's roughly $ 5 million in annual net parking fee income; $ 35 million would go to rebuild Daley Bicentennial Park after the reconstruction of the East Monroe garage, which lies beneath it; and $ 8 million would pay banking, legal and transaction fees.

«We can renovate the BRC to the state's satisfaction for less money than we're paying in rent under a triple - net lease at Lucas Avenue,» Ronk said.

Under its lease with the county, the railroad pays a 5 percent fee, based on net, which can be offset by capital expenses.

«COR is simply enforcing the terms of its commercial lease, under which FSMC took occupancy of a newly completed building and has admittedly failed to pay any rent for over two years,» said COR spokeswoman Maggie McKeon Truax.

State officials have negotiated a 10 - year lease under which NexGen will pay $ 1 the first year and increasing amounts up to full market value in the 10th year.

Under an unprecedented 20 - year lease handed out during the Bloomberg administration, Trump doesn't have to pay the city a cent the first four years Ferry Point is open, records show.

Under the terms of the district's lease, once the bonds were paid off, ownership of the building was to revert to the county, he said.

Operating and finance Also be aware that there are two main types of leases — operating and finance — a general difference of which is that an operating lease would be used if the customer only needed the equipment for a certain period rather than its entire working life, whereas under a finance lease, the full value of the item would be paid over the lease period.

Next thing you know, Booker T. is spending state money to pay Achievement First for a sublease on a building Achievement First was still under lease for... Nice how that works, isn't it?

I originally leased the truck when purchased new under the Toyota 3 yr lease program and now that its up we decided to buy it outright, our amazement was the calculated value of the truck compared to what we paid for it 3 yrs.

Advantages include having lower monthly payments, having to put down less money for a down payment, you can «afford» a «better» car, your repair costs are lower since you are leasing a new car under warranty, you get to trade it in for something new every two or three years, you don't have any trade in squabbles at the end of the lease and you pay sales tax only on the part of the vehicle you finance.

Even if you just end up paying the $ 25 a month fee your landlord could charge you under the lease, you actually lose ten dollars per month as a result, as opposed to if you had just purchased the renters insurance in the first place!

There are currently no limits on the maximum amount that you can be charged under a consumer lease, so you could end up paying over $ 1,500 for a dryer when it would only be $ 450 to buy it outright.

The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property or services involved and it is agreed that the bailee or lessee may become for no other or a nominal consideration the owner of the property upon full compliance with the bailee's or lessee's obligations under the contract.

Here's the detail on what has happened: * VaxGen failed to pay 1/1/09 rent within the 5 - day period required under the terms of the lease (sec 26A2) * Lessor officially terminated the lease in writing on 1/23/09

Further, under a very unusual arrangement, New York City real - estate taxes assessed against the Chrysler lease, held by Tishman Speyer, are paid to Cooper Union, not the city.

The new building was paid for by selling the ground lease under our old engineering building, which we got $ 97 million for, right before the crash.

This is what's known as a «lease by application,» and under BLM's corrupt coal - leasing program, Peabody will almost certainly be the only bidder and pay next to nothing.

If there is money owed under the lease, ordinarily a landlord would have to make a claim in the probate estate, rather than bringing a lawsuit for money damages, and that claim would be paid to the extent that there are funds available in the probate estate once the deadline for making all claims had passed.

Representing an equipment leasing company in a contract dispute against an assignor of leases alleging breach of a perfect pay provision and a $ 25 million guaranty under the terms of an assignment agreement.

This led to the practice of commercial leases referring to other monies due to be paid by the tenant under a lease (e.g. service charge, interest, and insurance contributions) as a «rent».

«For satellite dish installation permission — # 500 plus surveyor's fee for inspecting channels» CLRA 2002, Sch 11 gave tenants the right to challenge the liability to pay and reasonableness of an administration charge — for example, for consent to installation of a satellite dish or carrying out of building works, on providing information or documents or in respect of a failure to make payment under the lease — at a LVT and, ahead of service charges, obligated the landlord to serve, with a demand for the payment of the charge, a summary of the tenant's rights and obligations.

At the March 2012 quarter day GSGL was due to pay approximately # 10m in rent under the various leases.

In this instance Sunberry's interests did not outweigh the interests of the other creditors in ensuring that Newco's occupation continued: while Newco continued in occupation, the rent under Innovate's lease was being paid and the administrator could continue to recover book debts on behalf of Innovate's other creditors.

The case also acts as a reminder to tenants who may find it financially beneficial to be aware of the terms of their lease, as even if the payments are due under the contract, if the correct procedure for demand is not followed, no duty to pay service charges may arise.

If your firm pays $ 35.00 per square foot under its office lease, that conference room has a base cost of $ 1,517 per month when factoring in the 30 % loss rate found in most urban commercial office buildings.

Accordingly, when the tenant failed to pay rent, the landlord provided notice of immediate termination of the side letter, leaving the rent to be determined under the lease (at open market rent) as if the side letter had never existed.

The key issue was when 490 was required to start paying rent under the lease.

After your Comprehensive coverage or your Collision coverage has paid you the actual cash value for your vehicle, less your deductible, your Loan / Lease Payoff coverage will pay the difference between the actual cash value and any additional amount you owe under the terms of your vehicle lease or loan (excepting fees and charges).

If your lease is cancelled, the most your insurer will pay under leasehold interest coverage is your net lease interest at the time the loss occurs.

The taxpayers who do receive tax exemption on the House Rent Allowance (HRA) of their pay can receive income tax rebate for the lease that is paid by them under section 80GG.

If the tenant does not pay rent on the day rent is due according to the lease or rental agreement, the landlord may wait five days from the rent due date and then terminate the lease or rental agreement under the failure to vacate method.

For the tenants you are inheriting simply havevthem sign a new lease agreement with you that spells out what is and isn't an emergency and that if it's an expense that is under $ 50.00 or month then they pay it.

The bonds may be redeemed early if Related and Oxford elect to prepay their leases, which could leave debt due in 2056 paid off by 2026, under one scenario.

I pay a 7 % management fee on my buildings under 30 units, plus $ 250 leasing fee.

Unfortunately, the tenant under the head lease failed to pay rent and the landlord took steps to terminate the lease.

The beauty - products company agreed to pay about $ 100 a square foot under its 15 - year lease, according to a person with knowledge of the deal, who asked not to be named because of the terms are private.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.»

April 2016: rehabbed (12k) one of our SF home that was paying $ 625, way under market rents, now its leased for $ 1,040.

With this format, the tenant is obligated under this form of lease to pay for all expenses associated with the operation of the property including property taxes, maintenance, insurance and the like.

However, the indemnifier in this scenario may be unable to fulfill the obligations under the lease (pay rent!).

They gave you notice by telling you they didn't want to renew so I would think you are under no obligation to continue leasing to them and under no obligation to pay the relocation fee.

Under the terms of triple - net leases, the tenant pays rent, property taxes, insurance, maintenance, and overhead; typical lease durations are 25 years.

Listing agreement - A written agreement under which the owner appoints a real estate broker for a designated period of time to sell, lease or exchange the property based on the owner's stated terms, and under which the owner agrees to pay the broker a commission.

(2) If expropriated land includes a rental unit as defined in the Residential Tenancy Act or a manufactured home site as defined in the Manufactured Home Park Tenancy Act, a person who leases or occupies the unit or site under an agreement that has a term of less than one year is entitled to be paid

112 DOS 99 Matter of DOS v. Dorfman - adjournments; proper business practices; failure to appear at hearing; failure to cooperate with DOS investigation; accounting to client; ex parte hearing may proceed upon proof of proper service; individually licensed broker seeking to conduct brokerage business under a name other than his own must apply for a license under such new name; broker engaged in the leasing of real property through an unlicensed corporation; broker failed to cooperate with DOS investigation by failing to respond to DOS letters and telephone calls; complaint alleges broker failed to provide an accounting or copies of records of management for owner's property; broker may be required to return commissions and fees received which he is not entitled to; $ 1,000.00 fine and suspension of broker's license until such time as broker establishes he has fully complied with DOS's investigation and made a full and satisfactory accounting to owner, shall have paid to owner all money due and owning to him as established by the accounting, with interest, and shall have refunded to owner all commissions and other fees, with interest, paid