Owner tenancy as a credible commitment under uncertainty

Article Abstract:

Office rents will tend to be higher if landlords commit themselves to a high standard of maintenance, as is shown by a study which compares office buildings solely occupied by tenants, and those partly occupied by the landlord. This results backs a prediction made using a model which seeks to illuminate the relationship between the uncertainty involved over the cost of maintenance, and the landlord's commitment, taking owner tenancy as a sign of commitment. The study used data from Baton Rouge, Louisiana, for a seven year period.

Real property lessors, not elsewhere classified, Analysis, Prices and rates, Real estate, Real property

---

Security deposits, adverse selection and office leases

Article Abstract:

An analysis of the impact on office leases of security deposits is presented. The analysis focuses on landlord power in controlling tenant intensity in office space utilization. It is shown that the use of such deposits as a rental externality premium conditions tenant type sorting out. Contracts for substantial security deposits minimize landlord anxiety and suggest rental discounts over interest on the deposit monies.

Management, Commercial leases

---

Influence of rent differentials on the choice between office rent contracts with and without relocation provisions

Article Abstract:

An analysis of the impact on office rental contracts of rent differentials is presented. The analysis focuses on relocation provisions and their influence on office rents. It is shown that pricing and lease terms influence choice of office relocation rights. In addition, tenant characteristics such as tenant size and creditworthiness display minimal effects on relocation right choices.

Similar abstracts:

• Abstracts: Mezzanine CMBS: credit analysis and relative value. Investor Criteria for Choosing Between Mortgage Loans From Portfolio and CMBS Conduit Lenders
• Abstracts: London's offices to get think-tank treatment. Fattening up on the need to feed: food retailing is a pan-European business
• Abstracts: Purchase-money mortgages: the Service clarifies the deductibility and reporting of points. Expenses related to tax-exempt income: interest and property tax deductions disallowed for civilian government employees receiving living quarters allowance
• Abstracts: Linking quality to incentive compensation. Between a rock and a regulator: today's transaction environment. Between a rock and a regulator (part 2): a further looks at today's transaction environment
• Abstracts: Labor considerations in site selection: a case study. Using customers as a sanity check in the site-selection process

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.