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The Government also streamlined its rules for advertising to require that leasing terms be "reasonably understandable" in the eyes of the Federal Trade Commission.
"There was always a mentality that Trinity could dictate leasing terms because it controlled most of the submarket," said Robert Constable, an executive director of Cushman & Wakefield, who assists Trinity in finding tenants for 200 Hudson Street.
Sweden hurried through new rules that gave similar, favorable leasing terms to its former monopoly, TeliaSonera.
A spokeswoman for CIT said that it moved into the new headquarters because that is where its customers were and it received favorable leasing terms on the building.
The current safeguards in the proposal, a margin-squeeze test and a test that measures whether former monopolies are discriminating against rivals by offering less attractive leasing terms for using the local loop, are insufficient and need to be strengthened, he said.
How do the leasing terms compare to purchase if that is a possibility?
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Lease terms on the five new deals range from five to 15 years.
Ms. Cartwright declined to discuss lease terms or say how much space had been leased or was still under negotiation.
The local BMW salesman phoned an hour later with a price — and lease terms — that sounded high.
Lease terms typically run for two years, after which the customer takes ownership of the item.
If tenants can't afford to pay their rents, then lease terms hardly matter anyway.
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