Re:The Property Industry Is Falling Out of Love with WeWork
by donedeals on Wednesday December 19, 2018 @09:46PM
(#18722090)
Most of the items you cite are code requirements. Operators like CBRE maintain buildings to class A standards that don’t allow for any violations.
The $1M is escrow is standard and par for the course and a guarantee against credit risk. Many landlords actually require a letter of credit from banks so that if your company were to go bankrupt the money wouldn’t be subject to seizure by bankruptcy courts.
The $1M is escrow is standard and par for the course and a guarantee against credit risk. Many landlords actually require a letter of credit from banks so that if your company were to go bankrupt the money wouldn’t be subject to seizure by bankruptcy courts.
Source: Work at similar landlord.
edit: spelling