E. R. Stettinius has written: 'Lend-lease'
A "Build To Suit(e)" lease is when a Real Estate Owner offers to build (at his cost) an entire building , or space within an existing building, to certain specifications set forth by a particular tenant. In most cases, the Tenant has agreed (in writing) to pay a certain rental amount Per Sq.Ft. over a mandatory time period, legally referred to in the lease agreement as the 'LEASE TERM". There can be lease renewal options on behalf on the tenant if he desides stay in the space beound the mandatory period. EXP., 5yr. (initial lease term) with (1) 5 yr. renewal option.
The populist leader who said that was Mary Elizabeth Lease.
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This is a good article. It deals with retail leases but is good for understanding... -R Dissecting Subordination Aug 1, 1997 12:00 PM, Sheldon A. Halpern and Jane E. Rudofsky Almost without exception, shopping center leases contain subordination provisions stating that the rights of the tenants under the leases will be subject to the rights of any lender whose mortgage affects the shopping center. However, the tenant that agrees to subordinate its leasehold interest without reviewing the lease language carefully -- with an eye toward both the applicable law and the options available to it -- may find its lease terminated in the event of a foreclosure without any fault on the tenant's part. A tenant is rarely in a position simply to refuse to subordinate its lease to one or more mortgages; however, the savvy tenant can reduce the risk of an unpleasant surprise in the event of foreclosure. What does a subordination clause do? Generally, if the lease is recorded, or if the tenant takes possession of the premises prior to the recordation of a mortgage on the property of which the leased premises is a part, the lien of the lease has "priority" over the lien of the mortgage. A subordination provision changes the priority: The tenant agrees that the lien of its lease will be subordinate to the lien of a mortgage. A landlord generally includes subordination language in its lease in anticipation of the requirement of its lenders. Consequences of foreclosure. In some states, if the lender's mortgage has priority and the lender forecloses, the lease terminates automatically, even if the lender does not want the lease to be terminated. In other states ("option" states), the lender has the option to do what is most profitable, either cutting off the lease in foreclosure and then evicting the tenant, or confirming the lease. If rent values have increased, it can evict the tenant; if rent values have decreased, it can hold the tenant to the lease. These scenarios are extremely unappealing to the tenant. Nondisturbance and attornment. An alert tenant can protect itself by insisting that it not be required to subordinate its lease unless the lender executes a nondisturbance and attornment agreement with the tenant. The most basic form of nondisturbance and attornment agreement assures the tenant that the mortgage holder will not disturb the tenant's possession as long as the tenant is not in default under its lease and the tenant agrees to recognize and treat the lender (or other owner after a foreclosure sale) as landlord, i.e. "attorn." It is to both the tenant and the lender's benefit to negotiate a nondisturbance and attornment agreement that is broader than a mere agreement not to dispossess the tenant. The nondisturbance and attornment agreement should spell out the rights of the parties as specifically as possible. The lender typically does not want to be bound by certain substantial obligations of the landlord, e.g., obligations to complete construction of the shopping center. The agreement should describe what will happen if the lender refuses to perform such obligations. (For example, the tenant could request a right to terminate the lease.) Lenders also frequently refuse to be bound by rent payments made to the former landlord more than 30 days in advance, by offsets or defenses that the tenant may have against the former landlord, by defaults of the former landlord, or by amendments to the lease made without the lender's consent. The tenant should attempt to include language in the nondisturbance and attornment agreement setting forth what happens if a default continues after a lender forecloses and becomes the landlord. For instance, in the event the landlord has failed to fix a leaky roof, the lender would not be willing to assume liability for past damages, but might be willing to agree to fix the roof after it becomes the landlord. The tenant also should be wary of the risks of subordination arising prior to foreclosure and should, for example, seek to have the lender recognize the tenant's rights in the lease with respect to application of insurance proceeds and condemnation awards. Prior to entering into the lease, the tenant should determine if the leased premises are subject to the lien of any mortgage by obtaining a title report or a warranty of the landlord. A tenant with bargaining power may be able to insist that the existing lender execute a nondisturbance agreement as a condition to the tenant's execution of the lease or reserve the right to cancel its lease if the landlord does not deliver a nondisturbance agreement from the existing lender within a reasonable time after the lease is executed. Sheldon A. Halpern is a partner and Jane E. Rudofsky is an associate with Los Angeles-based Pircher, Nichols & Meeks.
Neither. The O has a schwa sound and the I has a long E sound (the E is silent).It is pronounced (puh-lease) as opposed to the (pleez) sound of please.
Neither. The O has a schwa sound and the I has a long E sound (the E is silent).It is pronounced (puh-lease) as opposed to the (pleez) sound of please.
Hi dear TYPES OF LEASE AGREEMENTS Lease agreements are basically of two types. They are (a) Financial lease and (b)Operating lease. (c) Sale and lease back (d) Leveraged leasing and (e) Direct leasing. 15.5.1 FINANCIAL LEASE Long-term, non-cancellable lease contracts are known as financial leases. The essential point of financial lease agreement is that it contains a condition whereby the lessor agrees to transfer the title for the asset at the end of the lease period at a nominal cost. At lease it must give an option to the lessee to purchase the asset he has used at the expiry of the lease. Under this lease the lessor recovers 90% of the fair value of the asset as lease rentals and the lease period is 75% of the economic life of the asset. The lease agreement is irrevocable. Practically all the risks incidental to the asset ownership and all the benefits arising there from are transferred to the lessee who bears the cost of maintenance, insurance and repairs. Only title deeds remain with the lessor. Financial lease is also known as 'capital lease'. In India, financial leases are very popular with high-cost and high technology equipment. OPERATIIONAL LEASEAn operating lease stands in contrast to the financial lease in almost all aspects. This lease agreement gives to the lessee only a limited right to use the asset. The lessor is responsible for the upkeep and maintenance of the asset. The lessee is not given any uplift to purchase the asset at the end of the lease period. Normally the lease is for a short period and even otherwise is revocable at a short notice. Mines, Computers hardware, trucks and automobiles are found suitable for operating lease because the rate of obsolescence is very high in this kind of assets. SALE AND LEASE BACK It is a sub-part of finance lease. Under this, the owner of an asset sells the asset to a party (the buyer), who in turn leases back the same asset to the owner in consideration of lease rentals. However, under this arrangement, the assets are not physically exchanged but it all happens in records only. This is nothing but a paper transaction. Sale and lease back transaction is suitable for those assets, which are not subjected depreciation but appreciation, say land. The advantage of this method is that the lessee can satisfy himself completely regarding the quality of the asset and after possession of the asset convert the sale into a lease arrangement. 4)LEVERAGED LEASING Under leveraged leasing arrangement, a third party is involved beside lessor and lessee. The lessor borrows a part of the purchase cost (say 80%) of the asset from the third party i.e., lender and the asset so purchased is held as security against the loan.The lender is paid off from the lease rentals directly by the lessee and the surplus after meeting the claims of the lender goes to the lessor. The lessor, the owner of the assetis entitled to depreciation allowance associated with the asset. 5 DIRECT LEASING Under direct leasing, a firm acquires the right to use an asset from the manufacturer directly. The ownership of the asset leased out remains with the manufacturer itself. The major types of direct lessor include manufacturers, finance companies, independent lease companies, special purpose leasing companies etc ============================ *****for more detail go to this link http://du.ac.in/course/material/ug/ba/esb/Lesson_15.pdf by Vimal Raval
Release has a long e sound. It is pronounced "ree-lease," with the emphasis on the first syllable.
The book was published by Family Line Publications of Westminster, MD. The rightsholder is likely the publisher or the creator, depending on the agreement between them.
The organism likely to be found in a urine culture that is a Gram-negative rod and a lactose fermenter is Escherichia coli. E. coli is a common cause of urinary tract infections and is characterized by these microbiological properties.