|Leases & Leasing Information|
Leases & Leasing Information
Microsoft's Lease with WeWork: A Positive Sign? Market Realist
In the Seattle area, WeWork at Capitol Hill has a new client—Microsoft (MSFT). The total cost of Microsoft's lease with WeWork is $3 million, and the tech giant ...
What about Starbucks? RDU’s authority to lease property debated in Wake courtroom. - Raleigh News & Observer
What about Starbucks? RDU’s authority to lease property debated in Wake courtroom. Raleigh News & Observer
The decision by the Raleigh-Durham Airport Authority to lease 105 acres of airport property for a rock quarry has drawn opposition from people who think the ...
District seeking lease offers for school site Gilroy Dispatch
As soon as one year from now, the distinctive adobe façade of Gilroy's Antonio Del Buono Elementary School could bear a private school's name. Or the name of ...
Garments for lease: 'rental' apparel brings new wrinkles for retail stores Reuters
MADRID/NEW YORK (Reuters) - Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them. The New Jersey-based ...
Stoney seeks to lease to a developer a Shockoe Bottom parking lot that could sit atop slavery site - Richmond.com
Stoney seeks to lease to a developer a Shockoe Bottom parking lot that could sit atop slavery site Richmond.com
A city-owned parking lot in Shockoe Bottom may sit atop archaeological evidence of Richmond's history as a notorious slave-trading hub.
Ninth Circuit Voids Geothermal Leases on Sacred Tribal Land Courthouse News Service
SAN FRANCISCO (CN) – In a decision hailed by some as a victory for tribal rights and ecological preservation, the Ninth Circuit on Thursday upheld voiding ...
To lease or not to lease? UT The Daily Texan
Finding a place to live in Austin can be overwhelming, but knowing your options can help narrow it down.
Creditor can't require reaffirmation of car lease Massachusetts Lawyers Weekly
A creditor in a Chapter 7 case could not condition the debtor's assumption of his car lease on his reaffirmation of the underlying lease agreement, a U.S. ...
Massive U.S. geothermal lease sale draws few bids Reuters
(Reuters) - A massive government sale on Tuesday of geothermal energy leases in Nevada generated bids on just 26% of the land parcels offered, with most ...
Hidden in plain sight: Accounting for embedded leases Journal of Accountancy
Locating and reporting on lease arrangements hidden in contracts that are not labeled as leases can be a challenge under FASB's new rules.
Stonebridge, Walton Street sells NoMa building after landing GSA lease - Washington - Washington Business Journal
Stonebridge, Walton Street sells NoMa building after landing GSA lease - Washington Washington Business Journal
An affiliate of Bethesda-based Stonebridge Associates and Walton Street Capital sold One Constitution Square in NoMa Wednesday for nearly $141.8 million ...
Restaurant gets OK for 10-year lease at Union Station in Worcester Worcester Telegram
WORCESTER — Union Station is in line for a new restaurant and entertainment venue.The Worcester Redevelopment Authority on Thursday approved a ...
Amazon, WeWork leasing office space at Town Square Las Vegas Las Vegas Review-Journal
Town Square Las Vegas has landed two high-profile office tenants. Moonwater Capital founder Ofir Hagay, who owns office space there, confirmed that Amazon ...
Negotiable Lease Terms for Restaurant Tenants Modern Restaurant Management
As explained in a previous article, tenants should always have a lease in writing, and depending on the state in which the premises lies, other requirements may ...
‘New Lease on Laughs’: Comics, fans celebrate the Punch Line staying in SF - San Francisco Chronicle
‘New Lease on Laughs’: Comics, fans celebrate the Punch Line staying in SF San Francisco Chronicle
It took a two-hour drive from East San Jose followed…
Arena lease for Wilkes-Barre/Scranton Penguins signed, terms disclosed Wilkes Barre Times-Leader
WILKES-BARRE TWP. — There is no place like home to generate revenue under the terms of the lease signed late Tuesday to keep the Wilkes-Barre/Scranton ...
Saco pre-K building empty despite 10-year lease agreement NewsCenterMaine.com WCSH-WLBZ
The Saco School Department is paying $24000 a month for a building that remains empty, and taxpayers are outraged.
BLM Lease Sale in Wyoming Nets $8.3 Million in Bids U.S. News & World Report
CHEYENNE, Wyo. (AP) — An oil and gas lease sale on federal land in Wyoming resulted in bids totaling $8.3 million on 175 parcels.
Hollister to open in Herald Square — with short-term lease and smaller footprint Chain Store Age
Hollister is bringing its updated store format to the retail heart of Manhattan. The teen apparel brand, a division of Abercrombie & Fitch Co., will open a location at ...
Train stations in Tokyo lease out strollers on trial basis Japan Today
Some of the busiest train stations in central Tokyo began a trial run of a stroller leasing *service* Thursday, in hopes of attracting families with small children who ...
Daytona homeless shelter lease gets final OK Daytona Beach News-Journal
Daytona Beach will lease its new homeless shelter building west of Interstate 95 to the nonprofit First Step Shelter Inc. for the next five years. The lease city ...
Draft model lease for Santa Maria mobile home parks developed Santa Maria Times
After months of meetings regarding rent protections for Santa Maria mobile home park residents, city officials and stakeholders have developed a draft version of ...
Fargo shelters seeing impact of new lease for several mobile home parks now facing a 'breed ban' - Valley News Live
Fargo shelters seeing impact of new lease for several mobile home parks now facing a 'breed ban' Valley News Live
A number of people in three mobile home parks in Fargo and West Fargo are getting rid of their dogs. They've been told they have to and that's because of new ...
Port Manatee, Kinder Morgan ink terminal lease extension American Journal of Transportation
Port Manatee and longtime stevedoring tenant Kinder Morgan Port Manatee Terminal LLC have extended their lease agreement through August 2023, with ...
2019 FFA Lease Signing Julesburg Advocate
Sedgwick County Future Farmers of America members Dalton Carlson and Beau Parker, accompany sponsor Catie Green for the signing of an annual lease ...
Understanding off-campus housing options, prices, lease agreements Lamron
After living on-campus for the required two years, most Geneseo students search for off-campus living that involves signing lease agreements and paying rent.
Global Net Lease Completes $204 Million, 12-Property Recapitalization CoStar Group
Global Net Lease's $204 million recapitalization included $55.85 million in financing from KeyBank backed by the Quest Diagnostics building in Santa Clarita, ...
Hartford's I-84 acreage in Farmington marketed for sale or lease Hartford Business
A Farmington land parcel near I-84 that Hartford's municipal pension fund owns is for sale or lease for an undisclosed sum, brokers say. National commercial ...
Houston City Council approves 30-year Spaceport lease for FlightSafety Community Impact Newspaper
Sep 18, 2019: A flight simulation company will soon lease land in Phase 1 of the Houston Spaceport. On Sept. 18, Houston City Council approved a 30-year ...
Grandstand at Clearfield County Fairgrounds to Get New Lease on Life | GantNews.com GANT News
CLEARFIELD – The grandstand at the Clearfield County Fairgrounds is going to get a new lease on life, but that lease will only last about 20 years.
Exclusive: WeWork takes new lease in San Mateo Silicon Valley Business Journal
Fast-growing coworking company WeWork is leasing two floors and more than 37000 square feet of space in a San Mateo office building that underwent ...
Post Office nears big lease with PepsiCo Crain's Chicago Business
The company, whose Quaker Oats, Tropicana and Gatorade brands have long been based here, is in advanced talks to move its Chicago office to the ...
Anaheim: Stay tough in Angels lease talks OCRegister
As the city of Anaheim and the Angels next month start negotiating a new stadium lease, we have a slight sense of foreboding. City governments are notoriously ...
Courthouse plan moves forward; Cambridge negotiates better deal for parking lease Wicked Local
In an 11th hour negotiation led by Councilor Sumbul Siddiqui that will result in more affordable housing with less parking lost, City Council approved a proposal ...
Madison council gives green light for arts nonprofit to lease building on Near East Side - Madison.com
Madison council gives green light for arts nonprofit to lease building on Near East Side Madison.com
A Madison arts nonprofit that hosts workshops, plays, readings, art galleries and more will be able to lease a larger city-owned space on the Near East Side after ...
Here Are The Best Deals In Off-Lease Electric Cars, And Why You Should Buy One Forbes
Leasing has become popular in recent years as an alternative to buying and financing a car outright. It's especially prevalent in the electric vehicle market, where ...
More than $1.3 million generated in Ohio oil and gas lease sale Cleveland American
Nearly $1.326 million was generated by oil and gas lease sales in Ohio by the Bureau of Land Management this month.
Is it better to lease or purchase farm equipment? AGDAILY
There's lots to consider about acquiring a tractor, but the first thing you need to decide is whether you should lease the machine or purchase it outright.
FOCUS-Garments for lease: 'rental' apparel brings new wrinkles for retail stores Yahoo Finance
MADRID/NEW YORK, Sept 18 (Reuters) - Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them. The New ...
Cousins expands Amazon lease at Domain 10 in Houston Seeking Alpha
Cousins Properties (CUZ) signs a lease expansion with Amazon (AMZN) for an additional 104K square feet at Domain 10 in Austin, expanding Amazon's lease ...
A new lease on life - The Bengal ISU Bengal Online
Rianne Quigley. Staff Writer. Idaho State University has done me a great *service*. In fall 2018, I walked through the doors of Rendezvous as a transfer student, ...
Uber set to sign massive lease at 3 World Trade Center New York Post
Ride-hailing juggernaut Uber is about to sign a massive lease at 3 World Trade Center, where it will relocate its New York headquarters, according to a new ...
Skin-care Firm Inks Big Lease in Chatsworth San Fernando Valley Business Journal
Neutraderm Inc., a leading manufacturer of medical-grade skin care products, has signed on for 60,043 square feet at 20680 Nordhoff St. in Chatsworth, ...
Russell Galbut, Keith Menin ink deal with short-term rental operator Domio The Real Deal
Hotelier Keith Menin and Crescent Heights developer Russell Galbut have inked the first of a number of deals with Domio, a short-term rental operator, The Real ...
5 Great New Car Lease Deals for September 2019 Gear Patrol
There are amazing September 2019 car lease deals to be had on the Toyota Tacoma, BMW i3, Lexus RX and other vehicles.
With $86 million, this startup wants to lease space to pot companies Crain's Chicago Business
Many marijuana companies are expanding rapidly. A startup backed by local entrepreneurs Al Goldstein and Pete Kadens wants to be their landlord.
CFOs Say They Underestimated Challenges of Lease-Accounting Standard Wall Street Journal
Many U.S. public companies underestimated the difficulties of complying with a new lease-accounting standard, finance chiefs say. Their stumbles could inform ...
Spudding? Reworking? What are “Operations” Under an Oil and Gas Lease? JD Supra
Quick answer: It depends on what the lease says. Last week featured a tug-of-war between a producer and the community in which it operates; this week in ...
L.A. Net Lease Investment Sales Up 62% This Year GlobeSt.com
Los Angeles net lease investment sales are up significantly for the year. According to research from CBRE, net lease investment in the market increased 62% in ...
This Landlord Coach Says Flexible Lease Terms Can Reduce Turnover And Increase Profits On Rentals - Forbes
This Landlord Coach Says Flexible Lease Terms Can Reduce Turnover And Increase Profits On Rentals Forbes
Negotiable lease terms are the key to reducing turnover in rental properties.
Old Hickory café building listed for lease Nashville Post
The Old Hickory building last home to live music venue and coffee shop Five String Garage is now available for lease, with the marketing effort focused on ...
Tech firms lease major Manhattan real estate in 2019 Curbed NY
Tech firms are expanding their grasp on Manhattan's commercial real estate market, with this year's leasing activity already outpacing its 2018 numbers.
Snuffy's Disputes It Is Closing Despite Lease Agreement with Lidl Shared with Scotch Plains Officials - TAPinto.net
Snuffy's Disputes It Is Closing Despite Lease Agreement with Lidl Shared with Scotch Plains Officials TAPinto.net
SCOTCH PLAINS, NJ -- After multiple public hearings and several news reports about plans for a Lidl supermarket to be built on the property owned by Snuffy's ...
Council extends lease for coalition | News Del Rio News Herald
City council members have extended a lease for a humanitarian coalition working to transition asylum-seeking immigrants out of Del Rio.
For WeWork's Biggest Members, Their Arrangement May Still Be a Lease CoStar Group
New Accounting Rules May Not Help Big Tenants Such as Amazon, Microsoft or General Electric.
Darwin Realty reps building owner in Des Plaines manufacturing lease REjournals.com
Darwin Realty president, Richard G. Daly, and associate, Chris Mergenthaler, represented a private partnership in the lease of its building at 1701 Birchwood ...
BLM raises $8.3M in Wyoming lease sale Kallanish Energy
The Bureau of Land Management raised $8.3 million in its Sept. 17-18 quarterly oil and natural gas lease sale in Wyoming, Kallanish Energy reports.
Three-quarters of US public companies unprepared for new lease accounting standards - Asset Finance International
Three-quarters of US public companies unprepared for new lease accounting standards Asset Finance International
Just a quarter of executives in US public companies report that their implementation of the Financial Accounting Standards Board (FASB) and the International ...
Google takes a lease some, buy some approach Silicon Valley Business Journal
This spring, Google revealed even greater ambitions in both cities — indicating it's not just expanding its real estate empire but reimagining and reworking ...
Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing - GlobeNewswire
Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing GlobeNewswire
LONDON, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that it has agreed a new syndicated ...
Geothermal lease sale in Nevada results in bids for 37 of 142 parcels ThinkGeoEnergy
The geothermal lease sale for 142 parcels in the State of Nevada on 17 Sept. 2019 stayed behind expectations with bids received for only 37 of 142 parcels on ...
Bidding begins for Belmont Golf Course lease RichmondBizSense
Operators both large and small are vying for the chance to take the reins of a county-owned golf course in Henrico. About a dozen potential suitors attended a ...
Amazon inks new office lease in Chicago with capacity to double Windy City tech hub, add 400 jobs - GeekWire
Amazon inks new office lease in Chicago with capacity to double Windy City tech hub, add 400 jobs GeekWire
Amazon will double the headcount of its tech hub in Chicago following the lease of additional office space. The tech giant said it added 70000 square feet of ...
Oil Co. Says Lease Fight Can't Turn On Free Speech Law Law360
Law360 (September 19, 2019, 5:22 PM EDT) -- When a ranch told potential buyers that a mineral lease on its land had terminated because of lack of production, ...
Blackstone Looking to Buy and Lease Back Iconic Vegas Casinos from MGM - Report TheStreet.com
Blackstone Group (BX - Get Report) is in advanced talks to buy and lease back the iconic Bellagio and MGM Grand Las Vegas casinos from MGM Resorts ...
Leasing a Car for Business? 5 Reasons to Pick the One You Really Want Small Business Trends
Are most of your business decisions based on how much money you can save? If so, you probably lease a car for your business simply because it's affordable ...
The Opus Group closes Bolingbrook lease with Fiat Chrysler Automobiles REjournals.com
The Opus Group announced that Fiat Chrysler Automobiles (FCA) has signed a lease at 1325 Remington, a 112,049-square-foot building located in Carlow ...
Short-Term Apartment Rental Company Signs Lease for Its Largest DC Location CoStar Group
A short-term apartment rental company that just hit a $1 billion valuation is leasing a proposed project on North Capitol Street for its largest D.C.-area location yet ...
Pooches arrive in Quad Cities with a new lease on life WHBF - OurQuadCities.com
After crossing several state lines, about 30 dogs are homeward bound. Last week they made a long trip from a rescue in Oklahoma to shelters in Iowa and ...
Flexible Office Providers Have Yet to Impact Small Tenant Leasing Volumes in Los Angeles - CoStar Group
Flexible Office Providers Have Yet to Impact Small Tenant Leasing Volumes in Los Angeles CoStar Group
Within the industry, there has been a fair amount of chatter on what impact flexible office and shared workspace providers are having on the office leasing ...
WeWork's Balance Sheet Looks Ugly So Yours Doesn’t Bloomberg
billion of lease obligations will have to be met somehow.
Shipowner Global Ship Lease bags refinancing deal ShippingWatch UK
Container ship owner Global Ship Lease has now settled a five-year refinancing of its debt. This comes after a merger last year which doubled the shipowner's ...
Indiana PRS puts $75m into Angelo Gordon net-lease property fund IPE Real Assets
AG Net Lease Realty Fund IV provides corporate real estate sale-leaseback financing.
Hypersonic weapons could give the B-1 bomber a new lease on life DefenseNews.com
Could the B-1 survive its retirement plans while adding on hypersonic weapons?
Gulf of Mexico lease sale attracts $159 million in high bids WorkBoat
Yesterday's Gulf of Mexico Lease Sale 253 in New Orleans generated over $159 million in high bids for 151 tracts covering 835000 acres in federal waters.
Pink Bellies Owner Thai Phi Signs Lease on Permanent Location Eater Charleston
Former Vietnamese food truck and current pop-up Pink Bellies will soon have a new home on King Street. “It's been quite some time that we've been working on ...
Payment of rent, lease to TTD a click away The Hindu
The Tirumala Tirupati Devasthanams (TTD) has enabled a system to facilitate online payment of lease and rent into its account in the form of an application, ...
Angels lease talks: Anaheim mayor insists on 'market prices' Los Angeles Times
Anaheim mayor Harry Sidhu said the Angels must pay market rate to buy or lease land around Angel Stadium, but the definition of "market prices" could be ...
Clearer Skies for Air Lease Los Angeles Business Journal
When Boeing Co.'s 737 Max planes were grounded worldwide in March after two crashes, Century City-based Air Lease Corp. appeared poised to take a major ...
CLSA renews office lease with Swire Group, defying parent's reported order to cut ties with company that drew China's ire - Yahoo Finance
CLSA renews office lease with Swire Group, defying parent's reported order to cut ties with company that drew China's ire Yahoo Finance
Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties' flagship property. The Financial Times reported on Wednesday the ...
New York tech firm heads to Frisco with new office lease The Dallas Morning News
A New York-based IT firm is moving its North Texas operation from Dallas to Frisco in a deal that expands its office by 75%.Abacus Group has leased...
6 Questions to Ask About a Lease-Option to Buy a Home RisMedia.com
If you're an aspiring buyer and considering a lease-option, ask these questions.
How Once-Doomed Mortgage Giants Gained New Lease on Life The Wall Street Journal
Fannie Mae and Freddie Mac cranked out profits after the financial crisis, and Congress couldn't come up with a good alternative to them. Now, the Trump ...
Domestic violence survivor: Landlord trapped me in my lease AZCentral
Not all landlords know how to break a lease for a survivor of domestic violence or sexual assault, sometimes putting tenants in danger.
I think my boyfriend is going to dump me when our lease ends The Boston Globe
It feels like he's getting ready to move on. What do I do?
Angels lease talks: Here is the Anaheim mayor's wish list Los Angeles Times
In January, Anaheim Mayor Harry Sidhu and Angels owner Arte Moreno agreed to discuss a deal that would keep the team in town for decades to come.
New Lease Standard For Healthcare Entities - Food, Drugs, Healthcare, Life Sciences - United States - Mondaq News Alerts
New Lease Standard For Healthcare Entities - Food, Drugs, Healthcare, Life Sciences - United States Mondaq News Alerts
The new lease standard from the Financial Accounting Standards Board (FASB) was released in February 2016. With it came sweeping changes United States ...
Remedies for lessors in financial lease disputes Vantage Asia
In financial lease default disputes, when the lessee defaults, the lessor has the option to call in all of the rent or terminate the contract and recover the leased ...
Global Ship Lease to Present at Sidoti & Company Fall 2019 Conference Yahoo Finance
LONDON, Sept. 18, 2019 -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company's Chief Executive Officer, Ian Webber, ...
As BP leaves Alaska, first ANWR lease sale could soon begin KTUU.com
As BP prepares to leave Alaska, the first of two planned lease sales for oil development in the Arctic National Wildlife Refuge's Coastal Plain could soon begin.
Facebook continues huge growth across Seattle, inks lease for 200K square-foot building in Bellevue - GeekWire
Facebook continues huge growth across Seattle, inks lease for 200K square-foot building in Bellevue GeekWire
Facebook is showing no signs of slowing down its appetite for office space in the Seattle region. The social media giant has inked a lease for Block 24, a 200000 ...
New York City Accuses U.S. Open Organizers of Underpaying Rent The New York Times
With the start of the United States Open tennis tournament just days away, New York City's comptroller accused the tournament's organizers of underreporting at ...
US Net Lease Outperforms Broader CRE Market GlobeSt.com
Los Angeles—US net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic ...
Housing Authority of the City of Shamokin ratifies three-day event lease with AOAA News Item
A sign posted by The Housing Authority of the City of Shamokin on Thursday warns people not to trespass on a dirt trail just east of the Raspberry Hill Complex.
UT System weighs possible rental deal with Knox County downtown WBIR.com
The county is working on a contract to lease 12 floors of TVA's East Tower. The UT System could take some of what the school system doesn't use in the tower.
BHP, Anadarko Among Leaders in Latest US Gulf Lease Sale Journal of Petroleum Technology
Matt Zborowski, Technology Editor | 21 August 2019. Topics: Asset/portfolio management Offshore. BHP Billiton operates the Shenzi tension-leg platform in the ...
Up-front Bayside lease payout key to 'yes' from UMass Boston Dorchester Reporter
The University of Massachusetts Boston is structuring its lease agreement with the developer of its prime Bayside waterfront property in Dorchester's Columbia ...
Lease A More-Expensive Jeep Gladiator For Less Than A Wrangler Motor1.com
The Jeep Gladiator is $5000 more expensive than an equivalent Wrangler, but lease deals are surprisingly cheap.
Before You Sign That Lease… | Commentary by Carl Kanowsky, Esq. SCVNEWS.com
You might remember my last column: Jim, owner of the traffic school, Fun While Drinking and Driving, had come to see me about the lease for his new space.
'Anaheim” Won't be in Angels Name as Lease Negotiations Start Soon VoiceofOC
Anaheim Mayor Harry Sidhu and Angels Baseball said the city won't be put back into the team name within a day of Councilman Jose Moreno hosting a ...
Terms to Know Before Leasing A Vehicle - Leasing Jargon Simplified
So, you've decided that you want to lease that next vehicle. Can't really blame you. With today's incentives, rebates, and favourable lease rates why wouldn't you. Not only do you get to drive a new car, but a new car that you wouldn't otherwise be able to afford if you were to purchase and finance it. Buyer beware though. With leasing comes new and sometimes rather confusing vocabulary. Don't get lost in a sea of leasing jargon. Protect yourself. Learn and understand the industry language. For those seriously thinking of leasing that next vehicle, here is a useful glossary of "new" terminology that you should familiarize yourself with BEFORE you negotiate a lease:
Interim Rent: Equipment Leasing?s Trap Door
Many lessees enter into lease transactions that they believe are competitive based on faulty rate assumptions. Most lease rate calculations don't take interim rent into consideration. Interim rent is the trap door that allows lessors to receive increases in lease pricing. It is unpredictable and the amount can be arbitrary. By understanding how interim can impact your lease, you can close this trap door and enjoy the lease pricing you thought you negotiated.
How Venture Leasing Added Millions To A Startups Equity Value
Craig Berman beamed noticeably after completing his board presentation. Berman, CEO of a startup that develops nanotechnology applications for the defense industry, had just closed a $ 20 million equity round. Berman finalized the round at an equity valuation that made the whole board blush. Only six months earlier, Berman's team faced a daunting technical delay that set the company back three months. With only four months of cash remaining from a previous equity round, the delay would cause Berman's company to burn cash faster and to fall short of an important benchmark.
Ten Ways to Save a Bundle on Your Next Lease
According to the Equipment Leasing Association ("ELA"), U.S. businesses lease every thing from laptop computers to commercial airplanes, racking up more than $ 200 billion in equipment leased each year. Although four out of five U.S. companies use leasing to acquire equipment, many don't know the ins and outs of leasing well enough to negotiate a good deal. By focusing on a few key aspects of the lease transaction, you can save a bundle on your next lease and eliminate potential aggravation.
Equipment Leasing Blunders That Can Cost Your Firm a Mint
Rod McHenry, the financial vice president of a document imaging company, thought he had great cause for celebrating. He had signed an unbelievable $370,000 lease proposal covering computer servers, workstations, software and other networking equipment. McHenry believed he had snared an incredible lease rate, capping off weeks of negotiating an acceptable equipment price with the equipment vendor. The proposal guaranteed a lease closing and offered a return of the 2% 'commitment fee' paid by McHenry's company if the leasing company failed to give credit approval within two weeks. Little did McHenry know that signing this proposal would lead his company into the 'Twilight Zone' of equipment leasing. Ultimately, his firm would fork out more than $15,000 in legal fees seeking lessor performance, only to learn that the lessor was already insolvent and mired in several similar lawsuits.
True Tenant Tales, Volume One
Working with tenants can be an amazing experience. (Owners and contractors are equally astounding, but those are subjects for another day.) It seems I get my most memorable anecdotes over the phone. Here are a few of the ones I've culled from my blog and experience and put together for your reading amazement.
With a Lease, The Devil Is In The Details
In the last article we looked at a few of the things you should consider before leasing that first office or storefront for your business. To recap, you should not only consider the old standard "location, location, location," but also consider things like sufficient parking, the number of employees who will be working onsite, and future growth projections. I stressed that it was important not to get caught up in the moment. You should take your time to find the space best suited for your business for the long haul, not just for today.
The Lease And Purchase Option
If you have an investment property, should you rent it or sell it? The answer to that question is that you should do both. If you have lots of time on your hands and are handy with tools, you can choose to rent out your property. However, if you have several properties for rent, maintaining them can consume lots of your time. You can choose to hire someone else to maintain your properties, but it cost you money. And higher expenses mean lower profits. In addition to investing your time, finding good tenants for your properties is not easy. Tenants that choose to rent usually do it for a reason. They are usually having credit problems. In addition, most tenants do not take good care of your properties like they would their own homes. And when things go sour, they can mess up your house before they move out. Your goal is to find good tenants to rent your property, transfer the maintenance responsibility to them, and create incentives for them to eventually buy your property. Including the option to purchase to the least contract can eliminate most of the headaches associated with maintenance and dealing with bad tenants. There are several other benefits to the lease and purchase option.
The Leverage of the Lease
In today's rapidly changing business environment it makes sense to consider all the options before paying for your business equipment ? whether it's a photocopier, computer system, computer hardware or software, telephone system, security equipment, office furniture or anything else. Many business people will give great consideration to the actual purchase, getting quotes from different suppliers and considering different choices. When it comes to paying, however, they simply pay cash or use bank finance without fully exploring the available options.
What Happens When the Anchor Tenant Moves and You Are On a Ten-year Lease?
Recently there was an article in the Houston Business Journal of the anchor store in many shopping centers through out Houston pulling out. Kmart, took out some stores, so did three other big box stores and a few consumer electronics places and larger furniture stores, now Albertson's has left. Who gets hurt? The franchise stores who pay a high price and lease to be in those centers along side a big anchor tenant. Think about it, Albertson's with their large super stores with Banks in side, Starbucks coffee, bakery, mini eating area, film developing and pharmacy. Soon in Western States where property and land permit, on site carwashes too and also some already have fuel for your car, when you are a club card member. What if you had an MBE, Quiznos, Subway, Dry Cleaning, Travel Agency (as if things are not bad enough already), GNC, Hobby Town, Cost Cutters, etc.
Venture Leasing: Startup Financing On the Rise
According to Pricewaterhouse Coopers, investment by institutional venture capitalists in startups grew from less than $3.0 billion at the beginning of the 1990's to over $106 billion in 2000. Although venture capital volume has retreated significantly since the economic "bubble" years of the late 1990's, the present volume of around $ 19 billion per year still represents a substantial rate of growth. Venture capitalists will fund more than 2,500 high growth startups in the U.S. this year.
So You Want to be a Landlord?
The residual income from owning rental properties may bring more money into your life than the fast flip in the long term. If nothing else, the stress is reduced because a well-chosen investment will pay for itself until you the market is ready for you to sell. In order to make this idea work, you must plan carefully. Choose your property, choose your management approach, and choose your tenants carefully to make the most of your investment.
Smart Car Leasing for Beginners
Car leasing is extremely popular because it provides an attractive method of driving an automobile that you might not otherwise afford. It allows you to make lower monthly payments than with traditional car purchase loans. About one out of every four vehicles driven by automotive consumers in the United States are leased.
Basic Things You Should Know About A Lease Purchase Contract
What exactly is a contract?
Insiders Guide to Snaring the Best Lease Deal
Every year, thousands of business owners and financial managers are faced with the task of obtaining attractive financing for equipment their firms want to acquire. Snaring the best leasing arrangement requires only a bit of planning and a smidgeon of finesse. You can save time, land a better lease deal and make the leasing experience less of a conundrum by considering several important factors.
Using Equipment Leasing as a Competitive Weapon
Most great generals know how to design winning battle plans. They also know how to use their resources to gain advantages over the enemy. For these military leaders, getting enough tanks, aircraft, ships and armaments into the hands of the right personnel can spell military victory or defeat.
Landlord Tips And Tricks
Every real estate investor dealing in rental homes has done his own clean-up and fix-up, at least in the early years. Landlords also become very skilled at managing tenants after being burned a few times.
Increase Your Business Growth and Cash Flow Through Equipment Leasing
"If it can be manufactured, it can be leased." For the past decade or so, this statement has become more and more true to fact. From computer software to commercial aircraft, equipment leases are utilized day in and day out in a constantly changing and highly aggressive business environment worldwide. To gain or to keep the edge over their competitors, companies of every type and size are constantly looking for creative ways to conserve working capital while expanding operations. Many have turned to leasing their equipment to help in the effort. For this reason, the leasing industry is being defined as a major player in equipment financing today.
What to Consider Before Leasing a Car
Some people choose to lease a car rather than buying one outright. Here are some useful tips on what to consider before leasing a car:
Leases And Tenants - The Spooky Tenant
You, Mr. Landlord are pleased to find qualified tenants for your rental house. The man and woman sign a one-year lease on Tuesday.
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