Use of the Premises: Negotiating and Preparing a Letter of Intent (“LOI”) (Part 3)
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read morePart 2 Leverage: Negotiating and Preparing a Letter of Intent (“LOI”) Previous ChapterTable of ContentsNext Chapter Trying to take a step down from my virtual soapbox without pulling my hamstring,…
read morePart 1 Introduction: Negotiating and Preparing a Letter of Intent (“LOI”) Previous ChapterTable of ContentsNext Chapter When negotiating a letter of intent (“LOI”), although it is my belief that the…
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read moreWarm Shell: An empty building or space that usually has minimally finished interior including walls, ceiling, and flooring, with basic services connected such as plumbing, heating, air conditioning, restrooms and lighting.
read moreVacancy Rate: The percentage of vacant space in a building due to non-occupancy of an available, rentable unit or space. Vanilla Box: A plain “vanilla shell” or “vanilla box” is generally considered…
read moreUnamortized Cost: The actual cost of an asset or concession less the depreciation or amortization of such item, generally on a straight line basis (e.g., landlord’s work and/or a brokerage commission,…
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