Not exact matches
Long - term
lease commitments are typically seen in cases
where the property is held by a related - party or affiliated corporate real estate holding subsidiary of the charter.
In a landscape
where the average
commitment of an occupier company to a property is 7 years, sometimes an unforeseen early way out is needed from
lease obligations.
Similar concerns about coercion have been expressed in respect of the Tiwi Islands
where there is a concern that the federal government will not deliver on a $ 10 million funding
commitment for a new boarding school if the community rejects a proposed 99 year
lease.