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"It is easier to do it as leases roll over," he said.
"When those leases roll, there's a lot of money to be made for the building agent," he said.
Rents have risen sharply in the last five years, in some cases tripling as leases roll over, tenants and brokers say.
What are your numbers like? A. Because I have mostly long-term leases in my office properties, I have not seen a big decline, but, of course, as leases roll, we will be seeing some reduction.
But some of a REIT's funds from operation must be set aside to update space when leases roll over, and Wells does face that burden.
Similar(55)
So he updated his wardrobe and junked his rust bucket for a leased Rolls-Royce sedan.
"Roll, roll, roll, roll, roll".
He leased a Rolls-Royce Phantom, parking it on the street outside the family's apartment, much to his mother's chagrin.
As leases expire, we generally roll rents up.
"Lights will diminish," said Guy Geier, senior partner at FXFowle, an architecture and interior design firm in Manhattan, "because over 10 or 20 years, those leases are going to roll over and the incentive is going to be there to start installing newer lights".
Each drama and misstep – the bungled midnight coup, the port lease, the attempt to roll the NT Speaker, attorney general John Elferink's "slap" comment, the Palmerston hospital hole cover-up and everything else that was still to follow – simply cemented in people's minds the impression that this government was arrogant and out of touch.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com