HSL 1526 West Main - Revision history

RobertBushman: /* Lease Rate Table */

2022-09-10T22:26:42Z

Lease Rate Table

← Older revision		Revision as of 22:26, 10 September 2022
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	(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.		(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.

	(2) Early termination of the lease by lessor would incur a penalty equal to the remaining abatement for the ~~full term~~ of the lease, to be paid to lessee.		(2) Early termination of the lease by lessor would incur a penalty equal to the remaining abatement for the remainder of the lease, to be paid to lessee.

	== Appendix A: Property Layout ==		== Appendix A: Property Layout ==

RobertBushman: /* Lease Rate Table */

2022-09-10T22:26:06Z

Lease Rate Table

← Older revision		Revision as of 22:26, 10 September 2022
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	(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.		(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.

	(2) Early termination of the lease by lessor would incur a penalty equal to the remaining abatement for the full term of the lease, to be paid to lessee.		(2) Early termination of the lease by lessor would incur a penalty equal to the remaining abatement for the full term of the lease, to be paid to lessee.

RobertBushman: /* Lease Rate Table */

2022-09-10T22:25:50Z

Lease Rate Table

← Older revision		Revision as of 22:25, 10 September 2022
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	(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.		(1) After the first year of lease payments, the lessee may, at their sole discretion and at any time, terminate the lease without cause and without penalty. Lessee will have incurred the property improvement expense for asphalt, fire suppression, and sign renovation, which improvements will remain with the property. Those improvements are the sole and entire benefit to the lessor for the early termination of the lease by the lessee. Lessor may not terminate the lease without cause before the end of year 5.
			(2) Early termination of the lease by lessor would incur a penalty equal to the remaining abatement for the full term of the lease, to be paid to lessee.

	== Appendix A: Property Layout ==		== Appendix A: Property Layout ==

RobertBushman: /* Lease Rate Table */

2022-09-10T22:21:48Z

Lease Rate Table

← Older revision		Revision as of 22:21, 10 September 2022
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	Following are example lease rate figures that will be updated to reflect the outcome of the Phase 1 discovery.		Following are example lease rate figures that will be updated to reflect the outcome of the Phase 1 discovery.

	This version assumes ~~100%~~ cost of asphalt, sprinklers, and signage received as lease abatement over the first 5 years.		This version assumes that the cost of asphalt, sprinklers, and signage will be received as lease abatement over the first 5 years.

	<blockquote>		<blockquote>

RobertBushman: /* The Proposal */

2022-09-10T22:18:35Z

The Proposal

← Older revision		Revision as of 22:18, 10 September 2022
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	HeatSync Labs proposes to begin developing 1526 later this year, starting with repairs and a build-out to suit our needs. We want to make necessary repairs to the existing systems and to make upgrades which will increase the value of the property for the long run. We also have a number of less ambitious upgrades that will make the property suitable for our needs.		HeatSync Labs proposes to begin developing 1526 later this year, starting with repairs and a build-out to suit our needs. We want to make necessary repairs to the existing systems and to make upgrades which will increase the value of the property for the long run. We also have a number of less ambitious upgrades that will make the property suitable for our needs.

	For the basic repairs and build-to-suit, we propose to begin with a build-out and move-in phase before we begin paying rent. For the more significant property improvements, like pavement, sign renovation, and fire suppression, we propose paying for the improvements up front in exchange for a reduced lease rate over ~~five~~ years.		For the basic repairs and build-to-suit, we propose to begin with a build-out and move-in phase before we begin paying rent. For the more significant property improvements, like pavement, sign renovation, and fire suppression, we propose paying for the improvements up front in exchange for a reduced lease rate over a number of years.

	== Plan of Action ==		== Plan of Action ==

RobertBushman: /* Lease Rate Table */

2022-09-10T16:29:05Z

Lease Rate Table

← Older revision		Revision as of 16:29, 10 September 2022
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	<blockquote>		<blockquote>
	~~Other Versions (~~NOT FOR DISCLOSURE TO LESSOR - these are fallback bargaining positions):		NOT FOR DISCLOSURE TO LESSOR - these are fallback bargaining positions:
	* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.		* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.
	* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.		* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.

RobertBushman: /* Lease Rate Table */

2022-09-10T16:28:50Z

Lease Rate Table

← Older revision		Revision as of 16:28, 10 September 2022
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	<blockquote>		<blockquote>
	Other Versions (NOT FOR DISCLOSURE TO LESSOR):		Other Versions (NOT FOR DISCLOSURE TO LESSOR - these are fallback bargaining positions):
	* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.		* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.
	* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.		* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.

RobertBushman: /* Lease Rate Table */

2022-09-10T16:28:30Z

Lease Rate Table

← Older revision		Revision as of 16:28, 10 September 2022
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	This version assumes 100% cost of asphalt, sprinklers, and signage received as lease abatement over the first 5 years.		This version assumes 100% cost of asphalt, sprinklers, and signage received as lease abatement over the first 5 years.

	Other Versions:		<blockquote>
			Other Versions (NOT FOR DISCLOSURE TO LESSOR):
	* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.		* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.
	* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.		* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.
			</blockquote>

	These rough figures assume:		These rough figures assume:

RobertBushman: /* Proposal */

2022-09-10T16:27:11Z

Proposal

← Older revision		Revision as of 16:27, 10 September 2022
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	= Proposal =		= Proposal =
	Loosely based on [https://www.offorte.com/en/proposal-example/commercial-real-estate this example].		Loosely based on [https://www.offorte.com/en/proposal-example/commercial-real-estate this example].

	~~This version: 100% cost of asphalt, sprinklers, and signage received as lease abatement over the first 5 years.~~

	~~Other Versions:~~
	* [[HSL 1526 Proposal Fifty Fifty Over Five]]
	* [[HSL 1526 Proposal Full Over Ten]]

	== Introduction ==		== Introduction ==
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	Following are example lease rate figures that will be updated to reflect the outcome of the Phase 1 discovery.		Following are example lease rate figures that will be updated to reflect the outcome of the Phase 1 discovery.

			This version assumes 100% cost of asphalt, sprinklers, and signage received as lease abatement over the first 5 years.

			Other Versions:
			* [[HSL 1526 Proposal Full Over Ten]] 100% over 10 years.
			* [[HSL 1526 Proposal Fifty Fifty Over Five]] 50% over 5 years.

	These rough figures assume:		These rough figures assume:

RobertBushman: /* Appendix C: Ballpark Figures */

2022-09-10T16:25:42Z

Appendix C: Ballpark Figures

← Older revision		Revision as of 16:25, 10 September 2022
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	[[File:1526-internal-layout.png\|alt=1526-internal-layout\|1526-internal-layout]]		[[File:1526-internal-layout.png\|alt=1526-internal-layout\|1526-internal-layout]]

	== Appendix C: Ballpark Figures ==		== Appendix C: Capital Improvement Ballpark Figures ==

	These figures are back of envelope numbers. Proper estimates will be sought as early as possible.		These figures are back of envelope numbers. Proper estimates will be sought as early as possible.