| Author | Message | ||
     Side Hero Username: Reddit Post Number: 5873 Registered: 05-2013 Posted From: 122.175.29.173 Rating: N/A |
vasavi engineering college valladha calling AW? Rosi inti deggara ayithe 4 - 4.5K pettochu but rental kosam akkada waste emo IMO Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. | ||
| Gotcha Hero Username: Gotcha Post Number: 16368 Registered: 02-2008 Posted From: 98.227.186.192 Rating: N/A |
ikkada kuda office space lo tenant ki sub lease ki full rights istaru anukunta kada? since it is well know frnachise maybe ur fear is they will sublease and earn more rent than the actual franchise paying u? This Andhra real estate is for sale. | ||
| Raman Megastar Username: Raman Post Number: 29607 Registered: 01-2009 Posted From: 59.92.67.59 Rating: N/A |
idea ledu cousin call chesadu main road ki 4 min walk annadu vasavi valla venture anta ru interested ani adigadu | ||
| Side Hero Username: Reddit Post Number: 5872 Registered: 05-2013 Posted From: 122.175.29.173 Rating: N/A |
ameerpet lo ekkada specific location is important Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. | ||
| Raman Megastar Username: Raman Post Number: 29606 Registered: 01-2009 Posted From: 59.92.67.59 Rating: N/A |
bump for andhrawala | ||
| Filmbuff Side Hero Username: Filmbuff Post Number: 4772 Registered: 11-2011 Posted From: 117.212.120.108 Rating: N/A |
Issue enti ante, we showed it informally to a lawyer, that idiot is even less capable than me...he wanted money to give a formal written response... I read legal agreements day in and day out, that is why my folks approached me. I consider myself as good as many lawyers (okay, at least the mid range ones), truth be said. The issue here is not the legal clauses as the commercial parts which is not something i can take a call on. | ||
| Jalsa Megastar Username: Jalsa Post Number: 24440 Registered: 02-2008 Posted From: 159.53.46.142 Rating: N/A |
Brother, how about showing this to an attorney? I am not discounting anyone's opinion here, but since the other party is a well known retailer, better to get it checked out by a proper attorney. | ||
| Filmbuff Side Hero Username: Filmbuff Post Number: 4771 Registered: 11-2011 Posted From: 117.212.120.108 Rating: N/A |
Yup - this is covered, pertains only to partly or fully the Leased Property (as defined) only.. | ||
| Side Hero Username: Reddit Post Number: 5869 Registered: 05-2013 Posted From: 122.175.29.173 Rating: N/A |
They can't sub-lease to a ATM because for that there has to be consent from the owner. Anyway I think they don't want a future hassle from your relatives when they do sub-lease. In a way by asking for a blanket consent they want to have that option open and closing scope for renegotiation incase they want a third party operating from their super market. Other thing you want to safe guard is that this sub-lease consent only covers the carpet area of the premises. You don't want a Kiosk to be set-up in the parking areas. Hmm… try and talk with the billing guy next time he comes, more often than not he will provide the solution. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. | ||
| Bhadram Junior Artist Username: Bhadram Post Number: 617 Registered: 05-2014 Posted From: 73.177.206.37 Rating: N/A |
sublets could be seasonal also... Make sure in main agreement that all ther sublets should also adhere to rules...may not be same term agreements because they are seasonal Spend less time trying to be brilliant and more time trying to avoid obvious stupidity | ||
| Raman Megastar Username: Raman Post Number: 29604 Registered: 01-2009 Posted From: 192.251.134.5 Rating: N/A |
amir pet daggara vasavi valla new venture anta ela untadi ? howmuch can you expect ? 3ble bedroom houses anta enta expect cheyyochu | ||
| Filmbuff Side Hero Username: Filmbuff Post Number: 4770 Registered: 11-2011 Posted From: 117.198.138.25 Rating: N/A |
Thanks for your comments. Yes this is the case, but they don't want to restrict this specifically in the agreement to say a bread counter/ sweets section or an ATM machine, but are asking for a blanket third party sublease consent. The sub lease will however be co-terminus with the main agreement and will be subject to the main agreement.
Ground Floor is called XX/A while the rest of the building is XX/B. So for property tax purposes there is separate calculation, which is fine. But the water guys say that for each building there is only one pipe and there are no separate connections for A and B. Therein lies the hassle.
This is not an issue, i presume. Each floor has its own meter. And the supermarket pays its own bill at commercial rates while the rest of the building has residential fares on their own meters. The main issue stems from the lack of a separate metering separately for the commercial and residential portions. | ||
| Side Hero Username: Reddit Post Number: 5867 Registered: 05-2013 Posted From: 122.175.29.173 Rating: N/A |
Water charges are the least of your worries just keep the line man of your area happy otherwise commercial electricity charges will be applied. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. | ||
| Side Hero Username: Reddit Post Number: 5866 Registered: 05-2013 Posted From: 122.175.29.173 Rating: N/A |
Usually these big chains sub-lease out the bakery/sweets section or the cosmetics section to other vendors. As long as the third party lease has the same clauses as the main lease regarding ownership & terms of lease you should be fine. What about the property tax? I'm assuming all the three floors have different door numbers and only the ground floor is shown as a commercial property in the plan. If that's the case then you can petition the water board to apply prorated rates but its going to take a lot of work to get the change done. Spend less time trying to be brilliant and more time trying to avoid obvious stupidity. | ||
| Filmbuff Side Hero Username: Filmbuff Post Number: 4769 Registered: 11-2011 Posted From: 117.198.138.25 Rating: N/A |
Relatives have a Building with ground floor let out to a well known supermarket chain with first and second floor being residential...two questions: a) now the Supermarket in their renewal agreement wants to have a blanket sub-let clause where they can give the leased property to a third party without consent of owners. how regular is this. from my legal standpoint, i would not agree to this but as this is a well known chain my relatives are in two minds.. b) water authorities have deemed the entire building as commercial and are applying commercial water rates to the entire building though only the ground floor is residential. Isn't there a proportionate policy where they calculate the commercial floor area as a %age of the entire floor area and apply commercial rates only on that and residential rates on the rest. Owners are a bit aged and they can't run around the water dept. trying to get this checked up. Does anyone have any knowledge on this. |
