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

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18:06 May 17, 2005
English to English translations [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
United Arab Emirates
Local time: 03:26
English translation:The lease can be interrupted after 7 years (with 2.5 year notice)
Explanation:
-
Selected response from:

Alexander Demyanov
Local time: 19:26
Grading comment
Thanks Alexander
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +4The lease can be interrupted after 7 years (with 2.5 year notice)Alexander Demyanov


  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
The lease can be interrupted after 7 years (with 2.5 year notice)


Explanation:
-

Alexander Demyanov
Local time: 19:26
Native speaker of: Native in RussianRussian
PRO pts in category: 8
Grading comment
Thanks Alexander

Peer comments on this answer (and responses from the answerer)
agree  Robert Donahue
47 mins
  -> Thanks!

agree  Can Altinbay
2 hrs
  -> Thanks!

agree  Orbital
22 hrs
  -> Thanks!

agree  xxxAlfa Trans
1 day20 hrs
  -> Thank you!
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