While these buildings are often financially sound, they more often than not have a higher percentage of sponsor units and a much higher percentage of cooperator sublet
Earlier in the week DISY MP George Georgiou told a House refugees committee meeting that nine in ten holders of Turkish Cypriot owned professional establishments sublet
them to companies for ridiculously high monthly rents.
Under this new statute, the landlord can drag the sublet
-wanting tenant through the rest of the sublet
procedure and then, at the very end of the procedure deny the request because the sublease did not comply with this new statute.
The owner then asked to sublet
the apartment and was told no, Shyman said, adding that he hinted he might have to consider an unauthorized sublet
If history repeats itself, when this added sublet
space does come online, it will dramatically change the overall commercial landscape.
Most dramatically, though sublease space declined 4% throughout Fairfield from the end of last year, Greenwich sublets
plummeted 74% due primarily to Andor Capital Management's 144,340 SF commitment at Greenwich American Centre.
Princeton, which had little available prime office space a scant 18 months ago, is confronting newly available sublet
space left in the wake of corporate constrictions and Wall Street's mood swings.
space returning to the market accounted for 19% of total available space at mid-year, jumping by 62% in one quarter alone.
Perhaps the key reason that Long Island's commercial real estate markets are faring so well is because even though some new space has been added to the market in the form of sublet
space, it is still a very small amount.
Evidence of contraction has arrived already in the form of sublets
, and will show up here and there as smaller spin-offs and incubator-type businesses fail to renew their leases, and large companies put unneeded corporate facilities on the market for sale in an effort to cut costs.
or sham succession claims can result in significant losses for a property, but they also can be successfully opposed.
fee is similarly paid by the shareholder when he sublets