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PDF Editor FAQ

Is it common practice in San Francisco to pay 50% of property tax increases when leasing commercial property?

In standardized lease forms their is a clause that typically passes the entire property tax increase onto the tenant. This would also include any increases in tax resulting from the sale of a property.Tenants with good representation will try to eliminate or minimize the increase amount.Privately drafted leases are open to the inclusion of many other items beyond those found in standardized leases which may include a tax increase clause.My advise to you would be to huddle with your broker (who is hopefully experienced and not the same person that also represents the landlord) or hire an attorney to review the lease. If you think there are onerous terms then ask the broker who drafted the lease about it. If you don't like the answer then you can hire an attorney. If its just a matter of what is normal? The answer is there is nothing that is normal is commercial leases, but there are some standard practices.You could then post those questions here in Quora or feel free to PM me and I'll gladly tell you if something that is a standard practice. I'm not in the Bay area so I wouldn't know what is typical for regional norms but could answer overall lease questions.I'm not an attorney and make no representations or provide no legal advise.

What does an aircraft leasing company do?

An aircraft leases aircraft just the way landlords lease their house to tenants.Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease.50% of global lessor set are based in Ireland and in 2015 over $120b of new commercial aircraft was delivered worldwide.Wet LeaseA wet lease is a leasing arrangement whereby one airline (the lessor) provides an aircraft, complete crew, maintenance, and insurance (ACMI) to another airline or other type of business acting as a broker of air travel (the lessee), which pays by hours operated. The lessee provides fuel and covers airport fees, and any other duties, taxes, etc. The flight uses the flight number of the lessee. A wet lease generally lasts 1–24 months; a shorter duration would be considered an ad hoc charter. A wet lease is typically utilized during peak traffic seasons or annual heavy maintenance checks, or to initiate new routes. A wet-leased aircraft may be used to fly services into countries where the lessee is banned from operating.They can also be considered a form of charter whereby the lessor provides minimum operating services, including ACMI, and the lessee provides the balance of services along with flight numbers. In all other forms of charter, the lessor provides the flight numbers. Variations of a wet lease include a code share arrangement and a block seat agreement.Wet leases are occasionally used for political reasons. For instance, EgyptAir, an Egyptian government enterprise, cannot fly to Israel under its own name, as a matter of Egyptian government policy. Therefore, Egyptian flights from Cairo to Tel Aviv are operated by Air Sinai, which wet-leases from EgyptAir to get around the political issue.In the United Kingdom, a wet lease is when an aircraft is operated under the air operator's certificate (AOC) of the lessor.Damp leaseAn arrangement where the lessor provides the aircraft, flight crew and maintenance but the lessee provides the cabin crew is sometimes referred to as a "damp lease", a term especially used in the UK. It is also occasionally referred to as a "moist lease".Dry leaseA dry lease is a leasing arrangement whereby an aircraft financing entity (lessor), such as GECAS or AerCap, provides an aircraft without crew, ground staff etc. Dry lease is typically used by leasing companies and banks, requiring the lessee to put the aircraft on its own AOC and provide aircraft registration. A typical dry lease lasts upwards of two years and bears certain conditions with respect to depreciation, maintenance, insurances, etc., depending also on the geographical location, political circumstances, etc.A dry-lease arrangement can also be made between a major airline and a regional airline, in which the major airline provides the aircraft and the regional operator provides flight crews, maintenance and other operational aspects of the aircraft, which then may be operated under the major airline's name or some similar name. A dry lease saves the major airline the expense of training personnel to fly and maintain the aircraft, along with other considerations (such as staggered union contracts, regional airport staffing, etc.). FedEx Express uses an arrangement of this type for its feeder operations, contracting to companies such as Empire Airlines, Mountain Air Cargo, Swiftair, and others to operate its single and twin-engined turbo-prop "feeder" aircraft. DHL has a joint venture in the United States with Polar Air Cargo, a subsidiary of Atlas Air, to operate their domestic deliveries.Source: WikipediaIn case you are reading my answers for the first time,Hello! I'm the ‘Android Enthusiast’Thank you for reading my answer and have a great day!Cheers!!

What underlying technology gives Tesla the edge over other electric car manufacturers?

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.

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