Welcome to the Louisville Restaurants Forum, a civil place for the intelligent discussion of the local restaurant scene and just about any other topic related to food and drink in and around Louisville.
User avatar
User

Adriel Gray

{ RANK }

Foodie

Posts

411

Joined

Fri Aug 31, 2012 2:53 pm

Location

Louisville Slugger

Re: BIZ FIRST: Pub at 4SL closes in dispute with Cordish

by Adriel Gray » Tue Nov 20, 2012 4:21 pm

Fourth Street Live?

Never heard of it...

It has food?
User avatar
User

Jeffrey D.

{ RANK }

Foodie

Posts

381

Joined

Mon Sep 10, 2007 11:49 am

Location

Prospect

Re: BIZ FIRST: Pub at 4SL closes in dispute with Cordish

by Jeffrey D. » Sat Dec 01, 2012 8:20 pm

I have represented a number of tenant clients in commercial lease negotiations or lease-related litigation. CAM abuse is rampant and widespread. It's not unheard of to find leases where the CAM can exceed the rent, especially when the landlord or its agent get paid management services, overhead, have captive (or cozy) service companies and so forth (why put work out for bids or care what it costs when the tenants are paying it all, plus the landlord gets an overide percentage for "management")?

I advise all my clients to negotiate a cap on the CAM as part of the lease. Landlords almost always agree (sometimes with % escalators over the years) and the cap usually comes into play sooner rather than later.
My memory's not as sharp as it used to be.
Also, my memory's not as sharp as it used to be.
User avatar
User

RonnieD

{ RANK }

Foodie

Posts

1931

Joined

Thu Aug 23, 2007 12:09 pm

Location

The rolling acres of Henry County

Re: BIZ FIRST: Pub at 4SL closes in dispute with Cordish

by RonnieD » Sat Dec 01, 2012 9:21 pm

Jeffrey D. wrote: CAM abuse is rampant and widespread. It's not unheard of to find leases where the CAM can exceed the rent,


THIS.
Ronnie Dingman
Chef Consultant
The Farm
La Center, KY
no avatar
User

Adam C

{ RANK }

Foodie

Posts

761

Joined

Fri Jun 20, 2008 9:43 pm

Location

Camp Taylor aka Louisville's food desert

Re: BIZ FIRST: Pub at 4SL closes in dispute with Cordish

by Adam C » Tue Dec 11, 2012 3:23 pm

Previous

Who is online

Users browsing this forum: Google [Bot] and 38 guests

Powered by phpBB ® | phpBB3 Style by KomiDesign