Sentences with phrase «year lease extension»

Housed in a traditional Japanese residence in Tokyo's Omotesando district, it originally opened as a pop - up space to showcase barista Eichii Kunitomo's skill (although the cafe recently announced a two year lease extension).

I pushed the closing date out max one year and had them sign a one year lease extension.

The agreement includes a $ 40,000 Location Grant and a two - year performance incentive of 15 percent for a three - year lease (July 2013 — July 2016), with an additional two - year performance incentive of 15 percent if an additional three - year lease extension (July 2016 — July 2019) is executed.

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

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.

Not exact matches

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.

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.

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.

Following the intervention of Borough President Diaz, Barnes & Noble and Prestige Properties have agreed to a two - year extension of their current lease, averting the expected closure of the store in January, saving 50 jobs and allowing both companies more time to develop a long - term agreement.

It agreed to lease the land to Fort Schuyler for 20 years, at $ 217,000 a year, starting Aug. 29, 2015, with two five - year extensions allowed at the end of the 20 years.

When its 15 - year lease of the building expired recently, the school district did not exercise its option for a 10 - year extension.

Obama will visit the Gulf again on May 28 and ordered today an extension of a moratorium on new offshore drilling in all U.S. waters until the end of the year as well as cancelled planned lease sales.

Because the work there has been so exceptional, the city council recently approved a two - year extension of the lease of the property.

The ruling endorses the decision of the Court of Appeal last year preventing landlords from claiming extra sums in the form of «hope value» in house claims and lease extension claims.

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 of Appeal allowed the tenant's appeal on the apparently broad grounds that a lease could only be excluded from LTA 1954 if it was for a term of years certain and the words of extension in cl 1 of the lease in question, including any period of holding over or extension in the definition of «the term», meant that the lease did not create a term of years certain.

Rimmer LJ considered, at para 21, the alternative view that as at the date of the grant of the lease any purported extension was a matter of uncertainty and that the lease should be read as a grant of a term of years certain with the tenant entitled to vacate as of right on the expiry of that term.

Rimmer LJ summed up his reasoning at para 23 of his judgment saying: ``... I favour the view that [the words of extension] had the effect of defining the term as including any period of holding - over or extension... The lease created a tenancy for a term of years certain until 28 September 2004 plus, by the words of extension, any further period of holding - over or extension of it on one or other of the bases referred to... I can not see how a term of that nature can be regarded as a tenancy for a «term of years certain».

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).

If the lease extension is successfully obtained, you have the legal right to be granted a new lease with a term equal to the remainder of the term under your existing lease plus a further 90 years.

These were the decisions in the celebrated Sportelli litigation, probably the most important case on valuation and enfranchisement since 1967; another decision that establishes that a head lease can be a qualifying lease for flat lease extension purposes; a decision on the scope of the landlord's right to resist claims where the current lease has less than five years to run and the landlord needs possession in order to redevelop and yet another decision on the correct approach to be taken in determining whether a building is a house or not.

Sam's Club has 5.5 years remaining on its base lease term, with three five - year extension options remaining and a percentage rent increase clause tied to the store's gross sales.

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

Rechler declined to confirm the costs, but said a comparison is «apples to oranges» because the new lease is at a much higher rent and runs for 15 years, much longer than the five - year extension it replaces.

For example: «Because property taxes, maintenance costs and insurance costs increase every year the monthly rental rate will increase at 3 % upon renewal or extension of the lease.»

Looks like Green Residential found a great tenant for us, and the tenant just signed a lease extension for another year!

In a sale - leaseback deal, corporations sell real estate they own and then rent the properties back from the buyers under a long - term net lease — roughly 15 or 20 years — with extension options.

The retailer also has four five - year extension options built into its lease.

189 DOS 99 Matter of DOS v. Naftal - listing agreements; deposits; unauthorized practice of law; vicarious liability; amendment of pleading to conform to the proof; improperly altering listing agreement without the consent or knowledge of principal to show the potential commission split with buyer's broker to meet MLS requirements; preparing and submitting fraudulent MLS change notifications purporting to extend and alter listings; deposit of escrow funds into operating account; preparation of lease constitutes the unauthorized practice of law; pleadings may be amended to conform to the proof and encompass a charge not stated in the complaint where the issue has been fully litigated by the parties and is closely enough related to the stated charges that there is no surprise or prejudice to the respondent; continuing to offer properties for sale after preparation of forged listing extensions violates 19 NYCRR 175.10; DOS fails to establish violation of 19 NYCRR 175.12 for failure to provide copy of listing extension where extension was not authorized by principal; DOS fails to demonstrate demand for unearned commission where broker may have believed they were entitled to a commission; broker's licenses suspended for one year and thereafter until such time as restitution in the amounts of $ 5,000.00 and $ 2,055.40 is made

Many times the original leases were signed years ago and the landlord never asked for a new lease or extension.