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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
In 2004, the law firm Lapin & Landa LLP signed a lease agreement to occupy 7,922 square feet (736.0 m 2) of space. [ 20 ] In 2010, KBR signed a 20-year lease for 1,200,000 square feet (110,000 m 2 ) at 500 Jefferson and the KBR Tower .
United continued to occupy space in the building following the merger, but stated in 2011 that it would not renew the lease for 142,000 square feet (13,200 m 2) of space on six floors. [29] By 2016, United had reduced their leasehold at 1600 Smith to just 140,000 SF, and announced they would be leaving at the end of 2017 for new space at 609 E ...
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A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases.
The main benefit of sharing an office is that it provides a more dynamic environment for both companies involved and access to new markets. However, sharing office space does come with some problems of its own: Higher office management costs (cleaning services, printer ink, office supplies and so on) Faster wear and tear of office equipment
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