Write a letter announcing a decision not to renew a lease

Assignment Help Finance Basics
Reference no: EM131287598

Write a letter announcing a decision not to renew a lease.

Assume the role of Gene Harley, the leasing manager of Northern Shopping Plaza. You have decided not to renew the lease of T-shirts Plus, which operates a tiny T-shirt decorating outlet in the mall. Three times in the past 13 months, the store's employees have left their heat-transfer machinery switched on after closing. Each time, the smoke activated the mall's smoke alarms and brought the fi re department to the mall during the late-night hours. Although no damage has occurred, your insurance agent warns that the mall's rates will rise if this situation continues.

The lease that T-shirts Plus signed fi ve years ago specifi es that either party can decide not to renew. All that is required is written notifi cation to the other party at least 90 days in advance of the yearly anniversary of the contract date. By writing this week, you will be providing adequate notice. Convey this information to the store's manager, Henry D. Curtis.

Reference no: EM131287598

Questions Cloud

Opportunities for us based small and medium firms : What is the impact of the two global economic policies on the business opportunities for US based small and medium firms?
What affirmative defenses can johnny raise : What affirmative defenses can Johnny raise ? Are the elements of embezzlement present in this fact pattern?
Write a letter about no longer volunteering : Although you cannot prepare and serve the meal, you will donate $250 to the shelter to cover the cost of buying the food. Write a letter to Pastor Sullivan DeMarco, giving him the bad news.
Problem regarding the combined package : 1. If the cable company offers any one package for $50 or the combined package for $70, who will buy each package? Explain your reasoning. 2. Explain why the company will make a higher profit with this method than if the bundled package option were..
Write a letter announcing a decision not to renew a lease : The lease that T-shirts Plus signed fi ve years ago specifi es that either party can decide not to renew. All that is required is written notifi cation to the other party at least 90 days in advance of the yearly anniversary of the contract date. ..
Write a memo announcing no bonus : You are the manager of a fi tness equipment manufacturing plant called Muscles Galore located in Gary, Indiana. The plant has been in operation for seven years. Over the years your employees have been very productive, and sales have been high.
Explain the pros of each methodology for your chosen area : Explain the pros and cons of each methodology for your chosen area of improvement. Choose one of these methodologies for your organizational QI plan and explain why you chose this methodology over others.
Describe ways in which social movements such as civil rights : Describe the ways in which social movements such as civil rights, women's rights, and consumerism have affected the development of public relations.
Analyze capital sources of public funding and debt : analyze capital sources of public funding and debt.Discuss the General obligation and revenue bonds ,Certificates of obligation etc.

Reviews

Write a Review

Finance Basics Questions & Answers

  How much must the grandfather put into ed trust

how much must the grandfather put into Ed's trust today and each subsequent year to enable him to have the same retirement nest egg as Steve after the last payment is made on their 65th birthday?

  What is the future value of an investment

What is the future value of an investment which compounds annually at 8% and starts at $1,000/year and grows by 10% per year for 20 years (starting with the second year)?

  What is the company cost of equity

Reliable Electric is a regulated public utility, and it is expected to provide steady growth of dividends of 6% per year for the indefinite future. Its last dividend was $5 per share; the stock sold for $40 per share just after the dividend was pa..

  Foreign corporation through the transfer of property

You have been hired by a U.S. corporation that wants to form a foreign corporation through the transfer of property. Propose a strategy for the client to transfer property into the foreign corporation that will help the client to avoid or mitigate..

  Briefly discuss why you agree or do not agree with the state

Briefly discuss why you agree or do not agree with the statement that “breakeven analysis isn’t very useful to a company because companies need to do more than break even to survive in the long run”.

  What is operating cash flow for this project

Explain what is the operating cash flow for this project - evaluate a project that will increase annual sales

  What percentage of employees will have lost-time accidents

When required, round the percent to three decimal places before converting to a percentage. For example, .8839 would be rounded to .884 and entered as 88.4.

  A bond with an annual coupon of $100 originally

A bond with an annual coupon of $100 originally sold at par for $1,000. The current yield to maturity on this bond is 9%. Assuming no change in risk, this bond would sell at a _________ in order to compensate_____________.

  Using a balance sheet income statement and cash flow sheet

using a balance sheet income statement and cash flow sheet present 3 major categories of financial ratios and describe

  The national hockey league are two-time defending stanley

The Edmonton Oilers (Canada) of the National Hockey League are two-time defending Stanley Cup champions.

  What is the taxable income for 2013

Almond Corporation has ordinary income from operations of $90,000, net long-term capital gain of $60,000, and net short-term capital loss of $65,000. What is the taxable income for 2013?

  How would you use money market instruments

How would you use money market instruments (borrowing and lending) to profit? Which alternatives (forward contracts or money market instruments) would you prefer? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd