Can You Break the Lease if Your Apartment Might Flood?

Q: I live in a Park Slope garden apartment with ongoing drainage issues. During hurricanes Henri and Ida, I was bucketing water away from the door, which leads to my bedroom. I bought a raised drain guard and a sump pump that hooks up to a garden hose, but the pump couldn’t keep up. Because I was home, the damage was limited. But what if a big storm hits when I’m not home? The management company told me to deduct the cost of the pump from the rent. But shouldn’t the landlord address the larger drainage issues?
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Recycling firm leases space in Eatontown, Sheldon Gross says

An industrial space in Eatontown has been leased by a recycling company, according to real estate firm Sheldon Gross Realty. Sheldon Gross said OGS Recycling has leased a 34,801-square-foot space at 246 Industrial Way. The transaction was handled by Sheldon Gross’ Matt Leonelli and Zimmel Associates’ David Zimmel. “This is...

You Could Sell Your Lease Car for a Big Profit …

For Wes Grueninger, the 2019 Honda Ridgeline was just taking up space in his driveway, but the Seattle-based mobile tech developer realized it offered him a way to fatten his bank account. This year’s shortage of semiconductor chips has left dealer lots empty and American motorists desperate to find something...

Is it Possible to Lease a Motorcycle?

If you want to buy a motorcycle, but don’t know if you want to keep it for a long time, then you might be wondering what your options are. You finance the bike and make payments or even buy the bike outright in cash, but you might end up spending a lot of money during the time that you own it. Otherwise, you could consider leasing a motorcycle, but is that even possible?
Lancaster Farming

Solar Leases Contain Landowner Pitfalls

Pennsylvania landowners are getting some tantalizing offers for solar energy leases, but the fine print might not be as sunny as farmers think. Contract wording may differ from the impression the farmer gets from the developer, raising the risk that farmers will be disappointed by low revenue or surprise costs.

Didiza unveils plan to reverse Ingonyama Trust leases

Land reform minister Thoko Didiza will create a new directorate responsible for converting residential leases issued by the Ingonyama Trust Board (ITB) to people living on its land for permission to occupy (PTO) certificates. The directorate — which is being set up in terms of an order issued by the...

2021 LEASE Summit On Demand

LeaseQuery’s virtual LEASE Summit is focused on helping private companies and government organizations successfully transition to the new lease accounting standards, ASC 842 and GASB 87. You will hear from a variety of industry experts as they share common lease accounting transition challenges relevant to your organization and outline ten steps you can take to ease the adoption process.

Amazon opens fulfilment centre and signs leases in New York

Amazon has opened a fulfilment centre in Montgomery, New York, and signed leases for additional facilities elsewhere in the state. The move comes in response to an increase in customer demand and as part of the e-commerce giant’s preparation for the Christmas period. Covering one million square feet, the Montgomery...

Equipment Lease Accounting under ASC 842: Example, Summary

ASC 842, in continuity with the legacy FASB lease accounting standard ASC 840, continues to require. to evaluate leases for appropriate classification between operating and capital (designated as “finance” under ASC 842). In practice, equipment leases, which can encompass vehicles, forklifts, copiers, and other various types of equipment may more...
Daily Utahan

With mineral lease money running out, Uintah County officials face difficult decisions

As mineral leases coming from the oil fields shrink, Uintah County officials make difficult decisions about funding services like fire and animal control. There are six special service districts in Uintah County that are funded almost entirely by lease payments: animal control, fire, damage control, public health, recreation, and transportation. This money comes from a percentage of the profits from the oil that is produced in the county. Over the past four or five years these funds have declined, and it’s difficult to predict how and when that will change.

Clear Height Secures Three Office Leases in Oak Brook

Three leases totaling 27,374 square feet have been completed at 26TWENTYFIVE in Oak Brook, IL. The 214,767-square-foot building is owned by Clear Height Properties. The leasing agent for the building is NAI Hiffman. In the first lease, BestRx leased 21,738 square feet on the property’s second floor. The family-owned pharmacy...

Why auto leasing makes sense for your credit union in the ‘new normal’

We’ve been here before, except last time it was toilet paper and hand sanitizer: Today’s shortage is new cars, and the impact on consumers is far greater than hours-long checkout lines or upset shoppers in grocery store parking lots. Dealers simply don’t have enough cars to sell, prices are higher than ever and there are surprisingly few incentives to help defray the cost of a new auto purchase. According to Kelley Blue Book, in June 2021, the estimated U.S. average transaction price for a light vehicle was $42,258. That’s an increase of over $2,500 (6.4%) from a year ago.