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5/5/2010 3:50:58 PM
 
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Section 5: OPA Board Subject: OC Bayside Debacle Msg# 737782
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How does this jive with the top quote where you appear to be agreeing we should pay the taxes? My reply of, "Probably not. Or they just don't get it or they just don't care." was in response to Joe's question, "Do you think such analysis came up when all the OPA experts were examining this latest lease?" I made no comment one way or the other regarding whether I favor OPA paying the taxes. ........one OPA "expert" did consider the tax clause. One expert! So OPA made their decision based upon the opinion of one person. Don't you think if OPA had consulted more than one person they might have gotten some different opinions, ideas or suggestions? I realize this might be a shock to some but people see thinks from different perspectives. I guess nobody in OPA has ever heard the expression "two heads are better than one." One person? Incredible! I rent commercial office space and also storage yard space so I know this is a fact. I know from experience with leases for commercial buildings that one can include almost anything in a lease for the lessee to pay. In some cases the lessee has been made responsible for all maintenance and repairs to the building while the lease was in force, including such things as if the building air-conditioning system goes down it is the responsibility of the lessee to fix it. Let's hope whomever has signed the lease for Seacrets has signature authority and a problem similar to the YMCA lease does not present itself. |
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For reference, the above message is a reply to a message where: Rick, Do you think such analysis came up when all the OPA experts were examining this latest lease? Probably not. Or they just don't get it or they just don't care. So you favor OPA getting the lump sum and paying the taxes ourselves? By the way, as I responded to Joe, at least one OPA "expert" did consider the tax clause. Maybe he just didn't care or get it -- whatever it is! ________________________ Anybody who leases property from others under similar circumstances always is required to pay the taxes, etc. People talk like this is a big thing. It's not, it's a given. How does this jive with the top quote where you appear to be agreeing we should pay the taxes? You can't have it both ways Rick. Either the lessee pays the taxes or we do. Which is it? Also, it is not a given in commercial rentals that the lessee pays the taxes. Often, as Joe has suggested, they are included in the rent. Many times all maintenance, utilities, insurance (other than contents), etc. are also included in the rent and the rent is adjusted annually. Often the calculation is subject to a base year which can vary (the earlier the better for the landlord). I rent commercial office space and also storage yard space so I know this is a fact. For our OPA property you can argue compensation but the framework where Seacrets bears all the maintenance, utilities, taxes, etc. is, in my opinion, the best set up for OPA. Ted |
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