Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Dedicated parking spaces appurtenant to office leases, especially covered spaces, are a prized commodity, particularly in suburban markets where virtually all of a tenant's employees drive to work. A tenant may be able to negotiate an arrangement where it receives more parking passes than the actual number of cars it is permitted to park at the premises at any given time under the theory that not all employees with a parking pass will actually show up for work on any given day. The problem presented by this approach is, of course, the one day when every driver with a parking pass shows up for work and there is no room for all of their cars.
One creative way to get around this problem may be to negotiate an arrangement where a tenant is given more parking passes than its allotment of parking spaces, but required to park any excess vehicles in tandem spaces. Most commuters (and, by extension, tenant real estate representatives who have to listen to the complaints) despise tandem parking spaces because of their lack of convenience and flexibility. Landlords are generally not particularly enamored of the tandem spaces either, given the hassle involved with enforcing tandem parking rules and the tight lot/garage layouts required for tandem spaces. In this situation, one solution is to allot a dedicated tandem parking area for the tenant's overflow parkers that the tenant is required to police. This allows the tenant the flexibility of dealing with its overflow parking, including possibilities such as valet parking and/or assigning the less desirable spaces to designated employees, and frees the landlord from the hassle of dealing with the logistics of tandem parking. It also allows the landlord to offer more parking options to attract potential tenants than the traditional X number of spaces per rentable square foot method.
Dedicated parking spaces appurtenant to office leases, especially covered spaces, are a prized commodity, particularly in suburban markets where virtually all of a tenant's employees drive to work. A tenant may be able to negotiate an arrangement where it receives more parking passes than the actual number of cars it is permitted to park at the premises at any given time under the theory that not all employees with a parking pass will actually show up for work on any given day. The problem presented by this approach is, of course, the one day when every driver with a parking pass shows up for work and there is no room for all of their cars.
One creative way to get around this problem may be to negotiate an arrangement where a tenant is given more parking passes than its allotment of parking spaces, but required to park any excess vehicles in tandem spaces. Most commuters (and, by extension, tenant real estate representatives who have to listen to the complaints) despise tandem parking spaces because of their lack of convenience and flexibility. Landlords are generally not particularly enamored of the tandem spaces either, given the hassle involved with enforcing tandem parking rules and the tight lot/garage layouts required for tandem spaces. In this situation, one solution is to allot a dedicated tandem parking area for the tenant's overflow parkers that the tenant is required to police. This allows the tenant the flexibility of dealing with its overflow parking, including possibilities such as valet parking and/or assigning the less desirable spaces to designated employees, and frees the landlord from the hassle of dealing with the logistics of tandem parking. It also allows the landlord to offer more parking options to attract potential tenants than the traditional X number of spaces per rentable square foot method.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.