Search:  

 
 
   All ForumsHot TopicsGallery






how-to block ads


 
Forums » MetroFi Antennas Could Cost $60,000 to Remove » leave it up
Search Topic:
Share Topic:
RSS topic:
toggle:
flat / full
normal / watch
Post a:
Post a:
Salvage »
« How to do a business plan...  
AuthorAll Replies
-

hottboiinnc
ME

join:2003-10-15
Cleveland, OH
·Time Warner Cable
·buckeye cable

reply to RARPSL
Re: leave it up

Generally companies do not wait for the lease to come up for renew. They renew them well before the time due to always ensuring they have an office/store or what ever. Major companies do this even with vacant buildings. It keeps them from losing them.


RARPSL

join:1999-12-08
Suffern, NY

reply to hottboiinnc
said by hottboiinnc See Profile :

most of the time the supermarket has a multi-year lease on it that they still pay for. But i wouldn't tear it down. Re-lease it. But the problem is that the ones that have the multi-year leases will sublease and then what more than what the building is worth.

There are many like that in Northwest Ohio. Especially an old Foodtown store that wants $5.00psq the building is over 10years old! No way is anyone going to pay that. Walmart wants almost the same for their old store. But they also renew the lease every time it comes up to expire due to they can keep out any competition like Target that wanted it.
The solution to the later problem is a "Use it or Lose it" clause in the Lease renewal terms. If they have left the property vacant at renewal time, they can be optionally be denied the right to renew the lease (or they can be allowed to renew for the normal period with the a "cut short" provision such as the one in my next sentence). There can also be a possible clause that can allow the owner to foreclose on a vacant/abandoned property at the anniversary date (ie: The lease can be terminated at the next anniversary of the signing after the end of the property being vacated for a set period of time).

As to the sub-lease situation, this can be handled by a a ban or restrictions in the Lease.
Forums » MetroFi Antennas Could Cost $60,000 to RemoveSalvage »
« How to do a business plan...  


Wednesday, 02-Dec 14:30:28 Terms of Use | Privacy Policy | Hosting by www.nac.net - DSL,Hosting & Co-lo | feedback | contact
over 10 years online! © 1999-2009 dslreports.com.
page compression OFF
Most commented news this week
· [159] Comcast Releasing Promised Usage Meter
· [75] Latest Consumer Reports Survey Not Kind To AT&T
· [71] Graduate Student Unveils Sprint's GPS Sharing With Feds
· [69] Baltimore To Ban Lazy Cable Installs
· [60] Broadband Killed The Game Console
· [54] Rogers Unveils The ISP Dream Model
· [46] ACTA: Global Three Strikes
· [41] Rural Carriers Quickly Embracing Fiber
· [37] Charter Exits Chapter 11
· [33] AT&T Top Lobbyist Cicconi Has His Feelings Hurt
Most people now reading
· IMG 1.7 (IMG Updates and Discussion) [Verizon FIOS TV]
· Data Usage Meter Launched [Comcast HSI]
· DK Weapon Upgrade [World of Warcraft]
· Am I the only one that loves to work in IT? [No, I Will Not Fix Your #@$!! Computer]
· LFM Overkill [World of Warcraft]
· Windows 7 boot manager editing questions [Microsoft Help]
· UBB round 2 at the CRTC [Canadian Broadband]
· A little freaky, not sure if its legit. [Spam, Scam and Phishbusters]
· Can I haz sum gold plz? [World of Warcraft]
· MS admits Windows Updates principally created to annoy [Security]