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In the law of several US states, a 99-year lease will always be the longest possible contract for realty by statute, but many states have enacted shorter terms and some allow infinite terms. [citation needed] Due to the influence of the ideas of Henry George at the time the Australian Capital Territory (ACT) was established in the early 20th ...
The rental prices throughout the lease's term would remain stable. [12] It was only the fifth time the government had signed a "lease-to-own" agreement. [ 11 ] With 1.4 million square feet (130,000 m 2 ) of office space and 500,000 square feet (46,000 m 2 ) of space for trade center activities, the planned trade center would be larger than any ...
On June 4, GSA reached a final agreement with The Trump Organization regarding redevelopment of the Old Post Office building. [145] The Trump Organization negotiated a 60-year lease [145] [146] under which it paid $250,000 in rent per month, with annual increases tied to the Consumer Price Index.
A retail lease is a kind of commercial lease in premises that are wholly or predominantly used for retail shop businesses. These leases attract additional protections under the law, so it is important to choose what type of lease the business is entering into. Leasing lawyers are specialists in the field of leasing and may be consulted for ...
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.). In such a lease, the tenant or lessee is ...
CityCenterDC, sometimes colloquially called CityCenter, is a mixed-use development consisting of two condominium buildings, two rental apartment buildings, two office buildings, a luxury hotel, and public park in downtown Washington, D.C. [ 1 ] It encompasses 2,000,000 square feet (190,000 m 2) and covers more than five city blocks. [ 2 ]
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