Leases Quotes

Congress did a good thing back in 1995 in passing the Deep Water Royalty Relief Act. That act did a simple thing. It provided automatic royalty relief for new leases for 5 years in the deep waters of the Gulf of Mexico.

I am a passive investor. I am not now nor have I been involved in buying and selling properties, negotiating leases or making management decisions.

I imagine we won`t see any of that money before they enter their reorganization plans, which could be 18 months. If they reject their leases, we would probably get a few pennies on the dollar. We`d be an unsecured creditor like everyone else.

The smaller shopping centers, the leases were too long and way too expensive and pretty much ironclad. The mall offered a short-term six-month lease, and were very willing to work with new businesses to help us get up and get going. That was really a determining factor for locating here. Plus, there`s more exposure and longer hours.