PROPOSED LEASE TERMS. LIMOUSINE SERVICE, SHUTTLE BUS STAGING AREA: Landlord shall provide an area mutually agreeable to the parties for off-site staging and loading of taxi cabs, transfer cars, limousines and shuttle buses within reasonably close proximity to the Hotel (for approximately 120 cabs, 115 limousines and private cars, 10 shuttle buses and S full size buses) which shall be determined following completion of the master planning study. The Rent for such staging area shall be a pass-thru of Landlords costs plus an X% return on such land's value.
PROPOSED LEASE TERMS. PREMISES:
PROPOSED LEASE TERMS. Proposed Lease Start Date: Proposed Rent: Non-refundable Application Fee: Proposed Lease End Date: Reservation/Security Deposit:
PROPOSED LEASE TERMS. Tenant, at Tenant's expense will be responsible for all Tenant's Work, with Tenant's general contractor and subcontractors subject to Landlord's approval not to be unreasonably withheld, in the Leased Space, including, but not limited to: ● Tenant store front and signage (both interior and exterior ● Partitions, ceilings, finish flooring, signage ● Fire-rated rear service doors and associated security systems ● Plumbing distributions/fixtures, if needed ● Sprinkler drops and heads ● Transformers to appropriate volt power ■ Telephone and cable wires from central distribution and control systems, including air handler, duct work, thermostats, registers, etc. ■ Water source heat pumps and related distribution and control systems, including air handler, duct work, thermostats, etc. ● Emergency power, if needed ● Construction trash removal ● Cost of structural and other Tenant plan reviews, if required ● Installation of railroad sidings, and more. ● All Tenant's Work must be done in accordance with Landlord's design criteria and specifications and coordinated through Landlord's Tenant construction director. Tenant's construction must be performed in compliance with all local laws and Nevada codes and requirements.
PROPOSED LEASE TERMS. Property: 0-0 Xxxxxxx Xxxx, Eltham SE9 6PU Lease Term: 10 years, excluding from sections 24-28 Landlord & Tenant Act 1954 Permitted Use: Elderly Person’s Centre to supply facilities and Rent: One peppercorn (i.e. nil rent) Rates and Utilities: Tenant to pay all rates and other outgoings Break Option: Landlord and Tenant option after 3-years of the grant Additional Rights: None Rent Reviews: None Subletting: Not without Landlords’ prior written consent Assignment: Assignment of Part of Whole prohibited
PROPOSED LEASE TERMS. Standard lease term lengths and rent levels are well-established in the airport concessions industry. Lease term lengths are directly connected to the level of required investment and anticipated volumes for different types of businesses. Specialty retail requires the least initial investment and lease term lengths typically range between 5-7 years. Specialty coffee concepts also require much less investment than quick-serve or full service restaurants and volumes are very high. Lease term length is typically between 5-7 years for this type of operator. The longest lease term lengths are granted for quick-serve and full-service restaurants, which require significantly more investment than any other type of concept, and such terms are typically 10 years. Xxxxxxx'x Handmade Cheese both in terms of investment requirement and concept falls clearly into the typical 5-7 year range. As build-out costs at the Airport tend to be high, and there is no existing venting equipment or similar from the previous tenant, a seven-year lease term is reasonable. Also, the seven-year lease term places the term expiration in 2018, which follows the major redevelopment phase 2015-17. A greater staggering of lease term expirations is a goal for the concessions program. The percentage rent proposed – 12% on all sales – is consistent with typical rent terms at the Airport for this type of concept.
PROPOSED LEASE TERMS. The proposed lease terms align with the following key strategic direction in the Council Plan 2017-2027: • We have smart solutions for a sustainable future • We are growing and keeping our character.
