But The News & Free Press reported that DaimlerChrysler said that a proposed lease called for rent of $100 a square foot for the top five floors under the stainless steel pinnacle, about twice the going rate for midtown space.
David Rosenberg, the Avenas' lawyer, said that when authority officials talked to the Avenas about the process of submitting proposals for a new lease, called the request for proposal process, they told the family to submit a low bid, assuring them they would have the chance to match any higher offers.
The lease called for annual rent increases of 4percentt, and a market rate increase of up to 30percentt every 20 years.
Davila campaigned against the lease, calling it a "giveaway," but voters ultimately approved the lease by a 3-1 margin in July , 1983
Our lease calls for carpets on a fixed percentage of the floors, but we prefer hardwood floors.
The lease calls for monthly rent to the Port Authority, an income stream that starts out at $10 million a month and is worth $3.2 billion in present value terms.
Maslin said the lease calls for Avco to move in on Dec. 1.
One marketer, Volkswagen of America, has decided that referring to the economy in new ads inspired by current conditions — which will reintroduce a lease promotion called Sign Then Drive — would not fit with its brand image.
During the last week of August, production on the platform, located in a lease area called Vermilion Block 380, averaged about 9.2 million cubic feet of natural gas per day and 1,400 barrels of oil and condensate.
If the leases called for rents above the legal lim its when the law went into effect, landlords were required to reduce rents to those limits and refund excess paid after Jan . 1 , 1969
