Why you should be at least slightly conversational in accounting, finance and lease administration

April 3, 2018 Jack NugentLeave a comment

“Ambitious men do not ask questions for fear their infallibility will be challenged” – Washington (or John) Roebling My apologies to David McCullough who wrote The Great Bridge about the building of the Brooklyn Bridge for not even knowing whether it was Washington or John Roebling who gave us that awesome quote above. But, whether… Continue reading Why you should be at least slightly conversational in accounting, finance and lease administration

Uncategorized

The secret to a really good abstract

March 25, 2018 Jack NugentLeave a comment

There really is a secret to a good abstract and, I apologize in advance because it will sound a little patronizing at first, it is to read the lease and fill out the abstract. Seriously? It does sound patronizing, doesn’t it? But, it is very obvious reviewing an abstract that has been completed using the… Continue reading The secret to a really good abstract

Retail leases · Uncategorized

Let’s eat, Grandma! Let’s eat Grandma!

March 11, 2018March 25, 2024 Jack NugentLeave a comment

A comma can change the meaning of a sentence fairly drastically. And, for lease administration purposes, it can have an unexpected impact on cash flow. The clause below was from a center we worked on last week: “Tenant’s Proportionate Share” shall be equal to the number of rentable square feet included in the Premises divided… Continue reading Let’s eat, Grandma! Let’s eat Grandma!

Office Properties · Retail leases · Uncategorized

Leased vs. Leased and Occupied

March 4, 2018March 25, 2024 Jack NugentLeave a comment

A few months ago, we had a blog that addressed a difference in lease language where an excluded area was defined as any premises greater than 15,000 sf vs any occupant greater than 15,000 sf – a subtle change in lease language having a material impact on a lease’s or even a property’s cash flow.… Continue reading Leased vs. Leased and Occupied

Malls · Retail leases · Shopping Center · Uncategorized

Just how good was that tenant attorney?

February 25, 2018 Jack NugentLeave a comment

One of our earliest blogs was about the landlord’s standard lease being the best case scenario. Changes that are made to that standard lease are being done at the tenant’s request because the tenants have seen, over and over, how not changing those clauses has impacted their financials. Tenants are dealing with tens or hundreds… Continue reading Just how good was that tenant attorney?

Retail leases

Unintentionally losing 19 months of the term

February 4, 2018February 4, 2018 Jack NugentLeave a comment

This week, we were working on a small (six tenant) retail acquisition. There were only two different “standard” lease forms in place at this center, but each of the leases had very significant changes to the lease. One of the ways these leases were so different from each other was in the definition of the… Continue reading Unintentionally losing 19 months of the term

Malls · Office Properties · Retail leases · Uncategorized

A couple of percentage rent/gross sales issues this week

January 21, 2018March 25, 2024 Jack NugentLeave a comment

This week, we were working on an acquisition of a property in the southeast. One tenant occupied the majority of the property, with a handful of other tenants accounting for about 10% of the leasable area, but about 20% of the income. There was a restaurant tenant that had a unique name that I had… Continue reading A couple of percentage rent/gross sales issues this week

Malls · Office Properties · Retail leases · Shopping Center · Uncategorized

Same difference – more subtle changes in lease language

January 7, 2018 Jack NugentLeave a comment

I grew up using the expression “same difference.” I think I used it when I said something that I believed was right, but someone pointed out something that was wrong about what I said – but it wasn’t important enough for me to care. I think today I would probably just say “whatever.” There are… Continue reading Same difference – more subtle changes in lease language

Malls · Retail leases · Shopping Center · Uncategorized

Looking behind the retail curtain at the holiday

December 10, 2017March 25, 2024 Jack NugentLeave a comment

Way back when in high school, I was on stage crew for the school’s productions. What I realized was that after doing that for several years, whenever I went to a Broadway show or musical, I would be at least as interested in how the crew handled the sets and lighting and sound as I… Continue reading Looking behind the retail curtain at the holiday

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Tag: lease administration

Why you should be at least slightly conversational in accounting, finance and lease administration

The secret to a really good abstract

Let’s eat, Grandma! Let’s eat Grandma!

Leased vs. Leased and Occupied

Just how good was that tenant attorney?

Unintentionally losing 19 months of the term

A couple of percentage rent/gross sales issues this week

Same difference – more subtle changes in lease language

Looking behind the retail curtain at the holiday