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Meanwhile, New York's courts have warmed to the power of co-ops — which make up 75percentt of the city's apartment stock — to terminate a proprietary lease (perhaps forcing a shareholder to sell an apartment), said Jacqueline A. Weiss, a lawyer who runs the New York real estate department of Baker Hostetler.
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Although it is too soon to say what might happen once the credit markets thaw, she speculated that bankers might want greater advance leasing, perhaps as much as 60 to 75percentt.
Owners pay a lease of perhaps $700 to $1,200 a year, but pay no property taxes.
Business owners point to a confluence of low rents and property prices, an urban enterprise zone designation that offers various perks, landlords who have been willing to negotiate on leases, and, perhaps most powerfully, a shared desire to revive Asbury Park once and for all.
Under the plan the BBC would sell Television Centre to developers but rent back some of the studios to continue making programmes at the site, and perhaps lease some space to house an orchestra.
Under the proposal the BBC would sell Television Centre to developers but rent back some of the studios to continue making programmes at the site, and perhaps lease some space to house an orchestra.
But this type of thinking is still not influencing most design, financing and leasing decisions – beyond perhaps the odd high profile Silicon Valley tech company.
Leaseholders have rights over the properties they have leases on, including, perhaps, permission to run a "dating agency" on school premises.
The idea is to sell Internet access as well as a cluster of goods and services — from extended warranties to leased software programs, perhaps even a Gobi credit card.
This step is essential if it's important to you to sell the house at the end of the lease, but ethically, and perhaps legally, it's important regardless of your preference because if you take option money and above-market rent from a tenant who can't possibly buy the house at the end of the lease, you're just ripping the tenant off.
It also allows them to offer loans at low interest rates or leases on attractive terms, perhaps packaged with insurance or maintenance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com