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English translation: The lease can be interrupted after 7 years (with 2.5 year notice)

18:06 May 17, 2005

English language (monolingual) [PRO]
Investment / Securities

English term or phrase: break

• LIMITED MARKET PURCHASE

• FREEHOLD PROPERTY

• LOCATED 2.5 MILES FROM DOWNTOWN ON THE SITE OF THE FORMER ORLANDO NAVAL TRAINING CENTRE. IT IS ONE OF THE LARGEST IN-CITY REDEVELOPMENT PROJECTS IN THE COUNTRY, COMPLETION MID 2005

• IT WILL CONTAIN 167,697 SQ FT (15,585 SQ M) INCL OFFICE SPACE, COMMON AREAS, CAFÉ, 9.2 ACRES OF LAND AND 828 SURFACE PARKING SPACES

• 10 YEAR LEASE (7 YEAR BREAK), 2.5 year notice.

• 78.03% TO TRAVELERS INDEMNITY COMPANY, A BY S&P A+ RATED COMPANY, SELLER TO GUARANTEE UNLET SPACE

• ANTICIPATED PURCHASE PRICE $28,700,000

Waleed Mohamed KudoZ activity Questions: 476 (5 open) (2 without valid answers) (16 closed without grading) Answers: 576 United Arab Emirates
Local time: 03:52

Selected answer:The lease can be interrupted after 7 years (with 2.5 year notice)

Explanation:
-

Selected response from:

Alexander Demyanov
Local time: 19:52

Grading comment

Thanks Alexander
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +4

The lease can be interrupted after 7 years (with 2.5 year notice)

Alexander Demyanov

Answers

9 mins confidence:

peer agreement (net): +4

The lease can be interrupted after 7 years (with 2.5 year notice)

Explanation:
-

Alexander Demyanov
Local time: 19:52
Native speaker of:

Russian
PRO pts in category: 8

Grading comment

Thanks Alexander

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