Commercial Lease Hallmark: Fill & Download for Free

Commercial landlords are allowed to shift more responsibility to their tenants than residential landlords, regardless of the state. As a result, you'd be wise to read the terms of your commercial lease carefully before signing it. Many tenants' rights are implied in residential leases. Unfortunately, this isn't so with commercial leases. As a result, you should ask for explicit language concerning your rights and responsibilities. Commercial landlords may be open to negotiation under the right circumstances, particularly if you have a well-known, reputable business. However, even if your business isn't well-known, it doesn't hurt to ask for a modification of certain lease terms that weigh heavily in favor of your landlord.HabitabilityThe hallmark of commercial leases is the absence of a warranty of habitability. In residential leases, it's implied -- when not explicitly stated -- that a landlord guarantees the habitability of premises; meaning, the onus is on the landlord to maintain the premises such that it's fit for human living. Under commercial leases, it's standard for landlords to absolve themselves of responsibilities such as fixing leaks and ensuring hot water. Furthermore, unlike residential tenants, business tenants typically have no right to deduct the costs of repair and maintenance from their monthly rent. Although the responsibility for most internal repairs generally falls on business tenants, the responsibility for making structural repairs doesn't have to. In other words, you should make sure your commercial lease doesn't shift the burden of structural repairs to you.Trade FixturesTypically, business tenants must make improvements to interior spaces by way of attaching items necessary for conducting business. For example, boutique owners may need to build shelving and dressing rooms. Generally, these improvements become the commercial landlord's property, regardless of whether you spend a lot of time and money installing them. The exception to this rule concerns trade fixtures. Trade fixtures are typically viewed as a business tenant's property, meaning a business tenant has the right to remove trade fixtures when their lease expires. Because the definition of trade fixtures is somewhat nebulous, however, you should make sure your business lease specifies which attachments you're allowed to remove when you vacate the premises.Property TaxesIn commercial leases, landlords may attempt to shift the burden of paying various types of taxes assessed against the business property to the business tenant. These taxes may include federal and state income tax, as well as a franchise tax. Before you sign a commercial lease, make sure your landlord explicitly defines the type of tax for which you'll be responsible. Furthermore, you have the right to demand that any provision purporting to make you responsible for future taxes is struck from the lease. In other words, you can ensure your responsibility for certain taxes doesn't survive beyond your tenancy.Termination and RelocationIt's not unusual for commercial leases to include provisions granting the landlord a right to terminate the lease and relocate the tenant. Relocation may involve the landlord's right to move your business to another location in the same building, or to a different building altogether. Prospective business tenants have the right to ask for a modification of relocation terms prior to signing a lease. For example, if relocation terms don't specify which party incurs the cost of relocation -- or whether the new location must be comparable -- you should ask for terms that make the landlord responsible for relocation costs such as moving expenses and installation of fixtures.Source: smallbusiness.chron

Tesla is a snowflake.Slightly naïve to consider any one thing as the reason for success. The magic comes from the right combination that makes the company/ product unique and hard to copy.The key elements:Branding- Tesla projects a lifestyle/ aspirational brand that resonates well across a wide cross-section.Manufacturing - simplified, optimized, automated. This drives down unit costs while allowing to scale, as can be seen with the proliferation of Gigafactories, each built out faster, bigger and better than the last.Lack of legacy costs- dealerships, unions, advertising. These $$$ can be deployed elsewhere. In addition, their manufacturing is not hamstrung by capital/equipment acquired to build cars from 50 years ago. Their management structure does not come from having to manufacture in the last millennium.Battery / Motor Tech. Probably best in class for commercialized product. Also, development of batteries supports other businesses like the stationary power business which supports the PV business. One strategic option is a pivot away from cars to batteries, supporting a variety of applications ( cars, backup power, etc).Software - driver assist is constantly learning with industry leading number of miles with real drivers/ real conditions. This feeds the neural network optimization of the self driving software. Engineers are also constantly developing better ways to extract more range/ power from the same hardware. If Tesla can win the race to level 5 autonomous, it is possible to license.Over the Air (OTA) updates- my car gets more capable over time with version updates similar to a smartphone.Supercharger network. Range anxiety is real. Having a proprietary network offers strategic options- build a walled garden ( today) or create new business/ income by selling the service to non-Tesla (future)?Internet sales. I hate dealerships. When you buy from a a legacy brand, you are defacto supporting all that overhead. Even if you bought the car online, all that cost has been baked in. With the dealership model of distribution, the consumer is paradoxically, the product! The dealers are actually the customer. OEM’s need to keep them fat and happy for mutual benefit. The purchase could even be seen as a loss-leader for more lucrative add-ons that come with it. Given the simplicity of EV design, there’s less need for maintenance, reduces the need for dealer network of workshops. You can buy a Tesla at the bar, on a smartphone in 10 minutes. It comes with competitive financing and delivery takes a few weeks. (Not quite the negative working capital model of 2000’s Dell but compare that with lots full of speculative models and useless options.) Buying a Tesla is more similar to ordering a new iPhone than it is, buying a car. I know people that waited 8 months for an Audi. A business model built around e-commerce is different from one built around dealerships that happen to offer internet sales.Speed. Clear vision and pursuit of the “move fast and break things” aspiration allows them to innovate, adapt and outgrow the competition. If you had a 100 Billion dollars, would you invest on Tesla or would you invest on every other automaker? Would you bet against Tesla taking more time to resolve an issue that came up on Friday morning? Tesla is in my opinion, the fittest, fastest competitor in the space they compete in.Rabid fan base. The free publicity translates into interest and incredible valuations. This gives Tesla incredible capacity to raise capital to pursue their aspirations.When Tesla Killers are discussed. They talk about one of these aspects. In truth, each point warrants its own dissertation. Having to tackle all these advantages is why all legacy brands are struggling and will continue to struggle.Tesla runs a different race, largely independent of the competition, which means they don’t waste energy thinking about what everyone else is doing. Rather, they can focus on running to their strengths, and building the best product. They develop and commercialize technology faster than their peers, are more organizationally nimble and have more strategic options available to them - support the electrification trend by focusing on supplying class leasing battery technology or support the autonomous mobility trend by supplying class leading self driving technology. This is the hallmark of good strategy- strong pillars that are individually difficult to copy, but form a synergistic package that is compelling and unique.Tesla is a snowflake…a beautiful form of water and ready to transform into a million possibilities to react to the dynamic world we live in.Edit 1- thanks to the feedback, I’ve added a little modifier after the catchy title to better reflect the intent of the article. I will continue to incorporate relevant comments into the article so please keep the suggestions coming. 100 upvotes in a day, 580 over the weekend? Thank you all for the support!Edit 2- thanks again for the amazing support and upvotes. Point 8- internet sales. Realized that OEM’s sell dealerships customers rather than cars. Evolving the idea of a snowflake to reflect infinite possibilities.I am interested in writing a similar article on the post Covid world. Please link or dm a question I can react to.

WHAT DOES ‘EBRD’ DENOTE? EBRD denotes ‘The European Bank for Reconstruction and Development ‘ {EBRD]. The EBRD is an international financial institution established in 1991 to aid ex-Soviet and Eastern European countries transitioning into democracies by developing free-market economies.WHERE IS THE H.QRS. OF THE EBRD? The EBRD's headquarters are at One Exchange Square in the City of London. The Exchange Square area - a modern, mainly-pedestrianised development beside and above the railway approaches into Liverpool Station - was inaugurated by Her Majesty the Queen in November 1991.The European Bank for Reconstruction and Development (EBRD) will move its London headquarters from Exchange Square in the City of London to the Canary Wharf business district in 2022.The EBRD, which promotes the development of private sector enterprise across 38 emerging economies in three continents , has been located in Exchange Square since 1993. The lease on the current property expires in 2022. Please see the picture below for elucidation:-WHAT IS THE ROLE AND PURPOSE OF EBRD? As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Today, the EBRD continues its work in 27 countries from Central Europe to Central Asia, investing mainly in private banks and businesses, including both new ventures and existing companies. The EBRD also helps facilitate the transition of public companies to becoming privately held entities as well as restructuring state-owned firms and helping to improve municipal services. Since its inception, only one country has graduated from recipient nation to financing nation; that country is the Czech Republic.WHAT ARE THE MODALITIES OF THE FINANCING SCHEME OF EBRD? The EBRD offers financing in the form of equity financing and loans, leasing facilities, trade financing, professional development, guarantees and other support programs. It finances both large and small projects, with the latter typically being financed indirectly through intermediaries. Some of these smaller projects include micro-business banks, commercial banks, leasing facilities, and equity funds. The EBRD offers financing intended to support the establishment and development of the private sectors of formerly communist and Eastern Bloc countries, including working to help privatize companies that were previously public-owned. . It will not finance activities or projects related to the tobacco industry, defence, certain alcoholic products, stand-alone gambling facilities, or substances banned by international lawIn order to receive funding from the EBRD, the project must be located within a recipient country of the EBRD, be commercially promising, involve in-kind or in-cash contributions from a sponsor, contribute to the development of the private sector and the strengthening of the local economy, and satisfy environmental sustainability standards and banking best practices. The EBRD offers financing for projects in a range of sectors, including public works, agro-business, financial institutions, energy efficiency, manufacturing, property, tourism, telecommunications, natural resources, transport, information technology, and municipal infrastructure.Is India a member of EBRD? India is now the 69th shareholder of the European Bank for Reconstruction and Development (EBRD), paving the way for more joint investment with Indian companies across the bank's regions of operation. In the lead up to the membership, the EBRD held its inaugural business forum in Mumbai in June, 2018.The Indian government had applied for membership in the London-based EBRD in December 2017. The EBRD board of governors, which represents all the existing shareholders, voted unanimously in favour of the country's application in March 2018, with the entire membership process completed this week, the bank said in a statement.Why was the EBRD set up? The EBRD was set up in haste to meet the challenge of an extraordinary moment in Europe’s history, the collapse of communism in its East. In fact, a mere 18 months elapsed between the first mooting of the idea of a European development bank, by President François Mitterrand of France, in October 1989 and its opening for business with headquarters in London in April 1991.Urgency and the ability to respond to momentous events swiftly and decisively, whether it be the end of the Soviet Union, financial crises, the ‘Arab Uprising' or the corona virus pandemic have been among the EBRD’s hallmarks from the start.During the frenetic years of the early 1990s the EBRD’s emphasis on the private sector as the main driver for change in Central and Eastern Europe was vindicated many times over. This was the period that established the EBRD’s reputation as an expert on transition to the open market.It was heavily involved in areas such as banking systems reform, the liberalisation of prices, privatisation (legalisation and policy dialogue) and the creation of proper legal frameworks for property rights, all vital ingredients for change.This period also witnessed the start of the EBRD's work to help safeguard and transform the site of the Chernobyl disaster in Ukraine and its involvement in nuclear safety elsewhere as well.Unique Mandate: The EBRD serves the interests of all its shareholders - 69 countries from five continents plus the European Union and the European Investment Bank - not just those countries which receive its investments (€10.1 billion in 2019). At the same time, the number of EBRD shareholders is still increasing; recent new members include China, India, San Marino and Libya. Indeed, the EBRD is one of only two major multilateral development banks currently expanding its shareholder base.However many shareholders the EBRD has, we all stand to gain from the EBRD regions' closer and deeper integration into the global economy and their economies’ continued progress on their transition journeys. Today, the Bank is doing more than ever before - across three continents - to help them on their way.WISHING YOU ALL THE BEST IN ALL YOUR ENDEAVOURS!!