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17 April 2011 | 12 replies
You want great terms as a tenant if you renew on that option spelled out otherwise the landlord will try to hold you hostage and make up the lost income for the past 3 years on the renewal option.It's like chess in that you have to think many moves ahead to make sure you have the long term winning strategy.I agree that the big boys might let a center sit and then lease up very slow at great per sq ft rates or just take write offs with it.With anchored shopping centers you have to watch out for co-tenant clauses.This gives the smaller tenants the right to break the lease and leave if something happens to the anchor.Depending on the design of the center you don't get the benefit of an anchor always.You can be in a center right next to the anchor or you can be in a side strip where 80% of the off traffic won't come to you yet they are still hitting you with a high per sq ft rate.All of these keys become very important when doing anything with retail as they can help you sink or swim.Another aspect is if you have an older anchored shopping center the anchor might be re-imaging and ask for improvements from the landlord that could equal hundreds of thousands or more.
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20 April 2011 | 11 replies
Sorry for the spelling errors...when I am in a hurry I don't pay as close attention to spelling...so 1000 pardons.You say the gurus are teaching what?
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9 June 2011 | 5 replies
Unlikely that Landlord Tenant law will spell out what is covered elsewhere.
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17 June 2011 | 26 replies
So yes, my one sentence above was simply to get you thinking.But noooo, you feel compelled to point out a slight bit of sarcasim, which then leads me to spelling it out for you.
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20 June 2011 | 12 replies
WOW Im embarrassed how many spelling & grammatical errors I made, I guess that's why its always good to proof read before hitting "post reply"...
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27 June 2011 | 11 replies
The contract supposedly spells out what both parties are going to do.
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28 June 2011 | 13 replies
Those qualifications are clearly spelled out in the Americans with Disabilities Act.
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2 July 2011 | 10 replies
ALWAYS have your contractors and subs do work under written contract only, spelling out the terms and duties and costs.
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6 July 2011 | 7 replies
If you lease it to a tenant and spell out clearly what they are responsible for and they don't follow the lease...guess what, you are responsible!
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23 July 2011 | 7 replies
Just draft up a forbearance agreement (or find an attorney to do one for you) the spells out exactly how she needs to repay both the first and second mortgage.