Tenants who do not wish to pay the additional rent
will have the option of moving to a smaller property, which can be done through a mutual exchange or by applying to the council for a transfer.
The company expects its long-term lease-back agreement at the building will likely be accounted for as an operating lease and will result in additional rent
expense in 2011.
Kapiteeli was demanding that Kesko pay for additional costs of the building project with penalty interest and unpaid additional rent
to a total amount of EUR3.7m and an additional rent
of EUR0.5m per year during the remaining nine years of the lease, according to Kesko.
Instead of charging interest, the financier either sells the property on at a higher price or sells it for the same price but then charges additional rent
on the property for a specified time.
In the absence of language to that effect, the tenant will continue to be liable for any rent, additional rent
or damages accruing under the lease after the date of assignment.
* Choice in enhanced telecommunications services and providers at little or no additional rent
Such rules and corporate resolutions should clearly state that any penalties or costs incurred due to failure to follow Local Law 38 will be immediately be billed back to their account, and charged as additional rent
(maintenance), or as additional common charges.
Of those interviewed, 52 percent responded that they would pay additional rent
to have their preferred intelligent building features added to their buildings, with 63 percent willing to pay up to $1 per additional foot.
Percentage of sales clauses in leases as additional rent
also play an important role, especially in restaurant transactions.
Often, these present contested issues: the tenant may, for instance, be correct that the landlord made a mistake in calculating some additional rent