Landlord–tenant law

STORE Capital’s July Rent Collections Increase to 85%

Retrieved on: 
Monday, July 20, 2020
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Landlord–tenant law, Property, Leasing, Economy, Law, Real property law, Contract law, Renting, Leasehold estate, Lease

STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced an update on July rent collections.

Key Points: 
  • STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced an update on July rent collections.
  • As of July 17, STORE Capital has received rent payments representing 85% of contractual base rent and interest on active contracts for the month of July.
  • The increase in collections was principally driven by higher rent collected from tenants in the restaurant, furniture, and education sectors.
  • During July, no new tenants received lease deferrals, and elevated rent collections occurred in concert with continued business re-openings.

F9Analytics Delivers Dynamic Lease Pricing for Commercial Property Markets

Retrieved on: 
Tuesday, July 14, 2020
Professional services, Technology, Other Technology, Commercial Building & Real Estate, Software, Finance, Construction & Property, Landlord–tenant law, Contract law, Law, Business law, Legal documents, Property law, Business, Articles, Lease, Mathematical optimization

After eight years of research and development, and three novel discoveries in mathematical optimization, F9Analytics has delivered a significant financial solution for the commercial property markets.

Key Points: 
  • After eight years of research and development, and three novel discoveries in mathematical optimization, F9Analytics has delivered a significant financial solution for the commercial property markets.
  • The solution for leasing provides not only optimal pricing of proposed lease contracts, but also in-place lease contracts that require modification (known as Blend and Extend ).
  • Because of the pandemic and the millions of lease restructurings both underway and contemplated, F9Analytics Property Terminal delivers a timely remedy for a stressed market seeking preservation of value.
  • F9Analytics, through its direct and corporate enterprise cloud services, provides companies, property investors, and property service firms exceptional technologies to simplify the complexity of property finance.

Impactio's LeaseTalk Brings Transparency to Commercial Lease Data and Protects Tenants' Interests

Retrieved on: 
Friday, July 10, 2020
Articles, Landlord–tenant law, Law, Free software, Humanities, Transparency, Lease, Real property, Private law

SAN FRANCISCO, July 10, 2020 /PRNewswire/ -- Impactio, Inc., a San Francisco-based data analytics company and remote talent solution provider, announces the launch of LeaseTalk, a commercial real estate review and intelligence platform and location-based forum committed to improving transparency of the commercial lease data and advancing tenants' interests.

Key Points: 
  • SAN FRANCISCO, July 10, 2020 /PRNewswire/ -- Impactio, Inc., a San Francisco-based data analytics company and remote talent solution provider, announces the launch of LeaseTalk, a commercial real estate review and intelligence platform and location-based forum committed to improving transparency of the commercial lease data and advancing tenants' interests.
  • With LeaseTalk, prospective tenants have a powerful lease intelligence tool on their side.
  • The consolidation of building reviews, actual rent data information, and local discussions makes heightened transparency possible and protects the interests of prospective tenants who look forward to finding their dream property.
  • LeaseTalk is a commercial real estate (CRE) review and intelligence platform and location-based forum committed to improving transparency of the commercial lease data and advancing tenants' interests.

American Homes 4 Rent Announces Dates of Second Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 9, 2020
Economy, Finance, Money, Landlord–tenant law, Real property law, Leasing, Contract law, Real estate investment trust, Real estate investing, Renting, Leasehold estate, National Car Rental

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction.

Key Points: 
  • American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction.
  • We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
  • As of March 31, 2020, we owned 52,776 single-family properties in selected submarkets in 22 states.

Uncertainty, Unsteady Economy Causing Record Number of Americans to Move: New and Current Renters Find Guidance at Roost Online Community

Retrieved on: 
Thursday, July 9, 2020
Landlord–tenant law, Contract law, Legal documents, Property law, Law, Business law, Lease, Private law, Business

New and current renters seeking guidance can find it at Roost , a new online community that helps renters navigate their responsibilities as a tenant, better understand their lease terms, build strong rental and credit histories, and manage living expenses.

Key Points: 
  • New and current renters seeking guidance can find it at Roost , a new online community that helps renters navigate their responsibilities as a tenant, better understand their lease terms, build strong rental and credit histories, and manage living expenses.
  • "With the U.S. now bracing for an economic downturn, renters are among the most vulnerable," Chanin Ballance, co-founder of Roost, says.
  • We want to give residents the information and guidance they need to plan ahead and be their own best advocates."
  • First-time renters are walking into potentially difficult situations this year given uncertainties based on COVID-19 and the unsteady economy.

DGAP-News: GRENKE AG: GRENKE maintains its position in Q2 2020 and sees the first pickup in new leasing business

Retrieved on: 
Thursday, July 2, 2020
Law, Business law, Contract law, Landlord–tenant law, Lease, Property law, Private law, Business

Western Europe without DACH, together with Southern Europe, registered declines in new leasing business in the current reporting period of 53.9% and 54.8%, respectively.

Key Points: 
  • Western Europe without DACH, together with Southern Europe, registered declines in new leasing business in the current reporting period of 53.9% and 54.8%, respectively.
  • The rise in the CM2 margin resulted primarily from profitable small-ticket business, which represents the Company's core business.
  • In the second quarter 2020, the mean acquisition value per lease equalled EUR 7,985 (Q2 2019: EUR 8,845).
  • At the same time, we are solidly financed, especially when we consider the growth in our deposit business at GRENKE Bank.

AssureLease Helps Property Owners Face the COVID 19 Pandemic

Retrieved on: 
Wednesday, July 1, 2020
Landlord–tenant law, Economy, Finance, Money, Insurance, Lease, Eviction

NEW YORK, July 1, 2020 /PRNewswire/ --How can AssureLease help property owners during the COVID 19 pandemic?

Key Points: 
  • NEW YORK, July 1, 2020 /PRNewswire/ --How can AssureLease help property owners during the COVID 19 pandemic?
  • In the past three months the COVID 19 virus has caused considerable disruption to the Real Estate Industry through state government shut-down orders and subsequent civil authority actions.
  • Our program has proven to largely offset or mitigate negative impact due to COVID 19, based on current statistics (rent receivables year over year, defaults, damages).
  • AssureLease provides a customized tenant default insurance program for property owners that covers lost rent, damages and eviction expenses which have historically been a negative impact to NOI.

Star-C Housing-Education Nonprofit Receives Major Grant Toward Eviction Intervention Efforts

Retrieved on: 
Wednesday, July 1, 2020
Forced migration, Eviction, Landlord–tenant law

The funds are a pass-along grant, part of the $132.6 million Cobb County received from the CARES (The Coronavirus Aid, Relief, and Economic Security) Act.

Key Points: 
  • The funds are a pass-along grant, part of the $132.6 million Cobb County received from the CARES (The Coronavirus Aid, Relief, and Economic Security) Act.
  • With the grant, Star-C's Eviction Relief Fund is tasked with identifying affordable apartment communities in Cobb County where residents are in need of temporary assistance to help them avoid eviction.
  • Landlords and other organizations seeking to partner with Star-C's Eviction Relief Fund should visit the eviction relief page on our website at www.star-c.org .
  • The Eviction Relief Fund application process is online only, and awards will be made subject to funding availability.

CAPREIT Completes Buyout of Eight Properties Under Operating Leases

Retrieved on: 
Tuesday, June 30, 2020
Business law, Economy, Finance, Money, Corporate finance, Leasing, Landlord–tenant law, Operating lease, Buyout, Lease

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.

Key Points: 
  • TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.
  • The operating lease buyouts were financed, in part, by a draw on CAPREITs Acquisition and Operating Facility.
  • CAPREIT previously closed the early buyout of three other operating leases in Toronto for approximately $31 million, and has now successfully converted eleven of its fifteen operating lease properties to fee simple ownership.
  • CAPREIT will continue to evaluate prepaying the buyouts on its remaining four operating leases which have contractual buyout periods commencing between 2024 and 2028.

SGD Holdings, Ltd. Announces the Opening of the C1B True Organics Retail Dispensary in Walsenburg, Colorado

Retrieved on: 
Tuesday, June 30, 2020
Landlord–tenant law, Law, Business law, Contract law, Lease, Property law, Private law, Business

Delmar Janovec, CEO, states, On Friday, June 26, 2020, our sublease tenant, C1B True Organics, opened their doors to the public for retail sales of recreational Cannabis.

Key Points: 
  • Delmar Janovec, CEO, states, On Friday, June 26, 2020, our sublease tenant, C1B True Organics, opened their doors to the public for retail sales of recreational Cannabis.
  • SGD Holdings has worked long and hard to completely renovate the building and property at 601 US Hwy 85/87 in Walsenburg.
  • Dr. John P. Janovec, licensed owner of C1B True Organics (C1B), adds, The opening of our Flagship Location in Walsenburg was a success.
  • SGD Holdings, Ltd. undertakes no duty to update these forward-looking statements.