http://www.fishportaustin.com/ Thu, 02 Sep 2021 00:14:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 PDL Community Bancorp Announces Real Estate Sale and Leaseback Agreement http://www.fishportaustin.com/pdl-community-bancorp-announces-real-estate-sale-and-leaseback-agreement/ http://www.fishportaustin.com/pdl-community-bancorp-announces-real-estate-sale-and-leaseback-agreement/#respond Wed, 01 Sep 2021 20:25:00 +0000 http://www.fishportaustin.com/pdl-community-bancorp-announces-real-estate-sale-and-leaseback-agreement/

NEW YORK, Sep 01, 2021 (GLOBE NEWSWIRE) – August 30, 2021, PFS Service Corp. (“PFS”), a service company subsidiary of Ponce Bank (the “Bank”), a subsidiary of PDL Community Bancorp (the “Company”), has entered into an agreement to sell real estate owned by PFS, located in 2244 Westchester Avenue, Bronx, New York (the “Real Property”). The selling price of the real estate is $ 16.1 million.

Along with the sale of the real estate, the Company and the Bank, as co-tenants, and the buyer will enter into a seventeen-year rental agreement under which the Company and the Bank will lease the real estate at an annual rent of initial base. approximately $ 926,100, subject to annual rent increases of 1.75%.

Carlos P. Naudon, President and CEO of the Company, said: “We are excited about the sale and leaseback of the Westchester Avenue real estate property and look forward to continuing to provide the excellent products and The customer service for which Ponce Bank has always been known in the Most importantly, 2021 continues to be a year of investing in the safety of our employees and the future of our organization and our communities, with the clear goal of improving value for stakeholders.

About PDL Community Bancorp

PDL Community Bancorp is the financial holding company of Ponce Bank and Mortgage World Bankers, Inc. Ponce Bank is a federally chartered stock savings association. Ponce Bank is designated as a Minority Depository Institution, Community Development Financial Institution and Certified Small Business Administration Lender. The activity of Ponce Bank consists mainly of receiving deposits from the general public and to a lesser extent from alternative sources of financing and investing these deposits, as well as the funds generated by operations and loans, in mortgage loans, comprised of 1-4 family residences (investor-owned and owner-occupied), multi-family residences, non-residential properties and construction and land, and, to a lesser extent, in business and consumer loans . Ponce Bank also invests in securities, which consist of US government and federal agency securities and securities issued by government sponsored or owned companies, as well as mortgage backed securities, bonds and bonds. companies and shares of the Federal Home Loan Bank. Mortgage World Bankers, Inc. is a five-state mortgage lender and is subject to regulation and review by the New York State Department of Financial Services. As a Federal Housing Administration (“FHA”) approved Title II lender, Mortgage World Bankers, Inc. creates and sells FHA-guaranteed single-family mortgages to investors, as well as conventional mortgages.

Forward-looking statements

Certain statements contained in this document constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the provisions of the safe harbor of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes”, “will”, “will”, “expects”, “draft”, “could”, “Could”, “development”, “strategic”, “launch,” “opportunities”, “anticipates”, “estimates”, “intentions”, “plans”, “objectives” and similar expressions. These statements are based on the current beliefs and expectations of the management of the Company and are subject to significant risks and uncertainties. Actual results may differ materially from those stated in forward-looking statements due to many factors. Factors that could cause such differences include, but are not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in interest rates; competitive pressures from other financial institutions; the effects of general economic conditions on a national basis or on the local markets in which the Company operates, including changes that adversely affect the ability of borrowers to service and repay Company loans; the anticipated impact of the COVID-19 pandemic and the Company’s mitigation efforts; changes in the value of securities in the Company’s investment portfolio; changes in loan default and cancellation rates; fluctuations in real estate values; the adequacy of loan loss reserves; declines in deposit levels requiring increased borrowing to finance loans and investments; operational risks, including, but not limited to cybersecurity, fraud and natural disasters; changes in government regulations; changes in accounting standards and practices; the risk that intangible assets recorded in the Company’s financial statements will be impaired; demand for loans in the Company’s market area; the Company’s ability to attract and hold deposits; risks associated with the implementation of acquisitions, disposals and restructuring; the risk that the Company will not succeed in implementing its business strategy; changes in the assumptions used to make these forward-looking statements and the risk factors described in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which are available on the SEC website, www.sec.gov. If one or more of these risks materialize or if any underlying beliefs or assumptions prove to be incorrect, the actual results of PDL Community Bancorp could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any obligation to publicly update or revise forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law or regulation applicable requires it.

Contact:
Frank perez
frank.perez@poncebank.net
718-931-9000


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Boeing signs 20-year lease at MidAmerica St. Louis Airport http://www.fishportaustin.com/boeing-signs-20-year-lease-at-midamerica-st-louis-airport/ http://www.fishportaustin.com/boeing-signs-20-year-lease-at-midamerica-st-louis-airport/#respond Wed, 01 Sep 2021 19:40:00 +0000 http://www.fishportaustin.com/boeing-signs-20-year-lease-at-midamerica-st-louis-airport/

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Boeing at MidAmerica Airport

Here is a sample of recent articles on Boeing and MidAmerica


A planned expansion of Boeing’s defense operations at MidAmerica St. Louis Airport took another step forward with a new long-term lease approved this week, but details of the project are still unclear.

The 20-year lease agreement between MidAmerica Airport and Boeing was unanimously approved by the St. Clair County Public Building Commission, which oversees the county-owned airport, on Tuesday. It includes three 20-year renewal options that, if exercised, would make the defense contractor a tenant of MidAmerica for 80 years.

The 34-acre site will be developed for “various uses,” according to the commission documents. This includes the design, development, production, assembly, maintenance and parking and storage of certain vehicles.

Its promise includes “significant job creation,” economic development for the region and “significant income” for the county, according to a one-page synopsis of the project provided to the building commission.

But Boeing has been quiet on the project since a pre-development agreement was reached in December, acknowledging only that an expansion of its operations is underway at the airport.

“We signed a lease at MidAmerica St. Louis Airport, which follows the pre-development agreement signed by Boeing and the airport in December 2020 regarding the potential expansion of Boeing’s existing operations,” said Kurt LaBelle, a representative. with Boeing, in a statement. “These operations currently include production and flight test activities for defense-related programs.

“We are not releasing additional details this time.”

In addition to the new revenues for the airport, the development promises to increase its operations and “strengthen” the airport’s relationship with Boeing, the synopsis says.

Members of the county’s construction commission referred additional questions about the development to Boeing.

The development will be located off Illinois Route 4, just south of the entrance to MidAmerica.

Airport manager Bryan Johnson said Boeing would pay $ 65,000 in rent in its first year as a tenant. After the first year of the lease, the rent will be approximately $ 450,000 per year. He said all rental income will be reinvested in the airport.

“All revenue from the lease will flow back to the airport for capital or operations and maintenance projects,” Johnson said.

Two additional plots of land may be available for future expansion, Johnson told the commission.

Johnson previously estimated the project would take three to four years. On Tuesday, he said development had started but couldn’t be more specific.

Boeing has not commented on the expected timeline of the proposed project.

The new development is one of the projects underway at the airport, which received a $ 6.5 million federal grant from the US Department of Transportation in September to expand its terminal to more than 41,000 square feet.

Last week, Boeing unveiled its new F-15QA fighter jet in St. Louis. The contract includes logistics, maintenance support and pilot training, which have been underway at Scott Air Force Base and MidAmerica since February.

A MetroLink extension of the Shiloh-Scott station in MidAmerica is also underway, funded by Governor JB Pritzker’s Rebuild Illinois infrastructure plan. About $ 96 million has been set aside for the project.

Kavahn Mansouri covers government accountability for the Belleville News-Democrat, holding officials and institutions to account and tracking how taxpayer money is spent.
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]]> http://www.fishportaustin.com/boeing-signs-20-year-lease-at-midamerica-st-louis-airport/feed/ 0 Morgan Rielly’s contract remains high on Leafs’ to-do list http://www.fishportaustin.com/morgan-riellys-contract-remains-high-on-leafs-to-do-list/ http://www.fishportaustin.com/morgan-riellys-contract-remains-high-on-leafs-to-do-list/#respond Wed, 01 Sep 2021 18:00:57 +0000 http://www.fishportaustin.com/morgan-riellys-contract-remains-high-on-leafs-to-do-list/

We did this until August. Ultimately. The darkest month for hockey content is over and by next week we’ll have prospect camps, the following week we’ll have rookie tournaments and soon training camps will open. NHL hockey is slowly making a comeback.

While the return of hockey and the things that are talked about in hockey is more than welcome, it is starting to attach a sense of urgency to some of the things that remain to be worked out for the Leafs, and at the top of the list has to be dealt with. contract of Morgan rielly.

One of the things that has been an ongoing area that Kyle Dubas needs to improve on is tackling the number of talent that has walked through the door in free agency with no returning assets for the Leafs beyond having a little more space to work with. the off-season.

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Kyle Dubas became the general manager of the Leafs in May 2018. This first offseason is a little more forgivable because Lou Lamoriello would not have extended James van Riemsdyk and Tyler Bozak, but it is nevertheless under the supervision of Dubas that JVR and Bozak left the Leafs without Toronto receiving a comeback. The next offseason, Jake Gardiner would be the high profile player who would not be re-signed and leave the Leafs on the open market. The summer of 2020 was a bit more forgivable, but once again Tyson Barrie and Cody This would leave the Leafs organization with no trumps in return, and given that both were drafted with one season remaining on their contracts, that’s understandable, but given their performance as the Leafs, moving them to the deadline would have been just as understandable and instead emphasizes an exodus of branded talent without even a draft pick in return.

This current offseason has seen the same, and while the Leafs have taken an ‘all or nothing’ stance on their season, the decision to risk leaving on-hold UFA assets like Frederik Andersen and Zach Hyman marching for nothing was another. bet failed. The third failed bet under Kyle Dubas and the fourth we’ve seen with the revitalized Leafs (this run to the 2017 playoffs should be treated like a found wallet.)

Here we are now with Morgan Rielly, arguably the best holding UFA asset that the Leafs have risked bringing to market. Whether you like Rielly’s style of play or not, he’s been the number one defenseman for the Leafs. He’s a valued player in the NHL, and he’s someone who could get a contract the size of Dougie Hamilton on the open market and could very well need a John Carlson-style overtime to keep him. A costly reality, and even if Rielly strikes a friendly deal with the team, it will be a significant increase and could come with a worrisome tenure.

While doing the extension during the offseason doesn’t eliminate the possibility of it being done during the season, things only get more complicated the more time it takes. An overtime at any point has the same effect, but the Leafs lose a lot of commercial influence as teams finalize their rosters, and with the number of teams in the NHL’s maximum salary cap, even the maximum salary cap in the NHL. Morgan Rielly’s very friendly $ 5 million is getting harder and harder to move. The reality is the Leafs could find themselves in a very familiar place by the trade deadline where they have still unsigned talent on the roster, and a team and fan base who want to believe it’s in their best interests. to keep Rielly as a “rental player’s own” a playoff run.

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The Leafs are in the unfortunate situation of wanting to keep Rielly, but faced with the complex realities of their salary cap situation, which is not going to improve. They are also presented with an offseason where there doesn’t seem to be enough defenders for everyone. The Leafs aren’t exactly a team that can sacrifice defensive depth, but given the offensive nature of Rielly’s game, they might be more comfortable moving on. Rielly being traded means there wouldn’t be much compromise on the defensive zone, but the Leafs 5v5 transition game immediately takes a giant step backwards.

Rielly is represented by JP Barry, who has no shortage of clients, and has four other clients on the Leafs, so there’s an absolutely good working relationship with Toronto. Barry also has a track record of reasonable contracts, like the Pastrnak deal, Klefbom in Edmonton, but he’s also just secured for his other client Dougie Hamilton a $ 9 million AAV deal with a remarkably similar role to Rielly. Basically, it’ll be team friendly or it won’t.

The Leafs are quieter than ever about whether there is progress, but at the same time, there has also been no mention of Rielly in trade rumors. With the August vacation coming to an end, we might start to learn more about this important contract, but for now, we just know Rielly should be an organizational priority.

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Rent-A-Center (NASDAQ: RCII) Releases Fiscal 2021 Profit Guidance http://www.fishportaustin.com/rent-a-center-nasdaq-rcii-releases-fiscal-2021-profit-guidance/ http://www.fishportaustin.com/rent-a-center-nasdaq-rcii-releases-fiscal-2021-profit-guidance/#respond Wed, 01 Sep 2021 13:24:30 +0000 http://www.fishportaustin.com/rent-a-center-nasdaq-rcii-releases-fiscal-2021-profit-guidance/

Rent-A-Center (NASDAQ: RCII) on Wednesday updated its earnings guidance for fiscal 2021. The company provided EPS guidance of $ 5,900 to $ 6,400 for the period, compared to the estimate of Thomson Reuters consensus EPS of $ 5.660. The company released a revenue forecast of $ 4.55 billion to $ 4.67 billion, against a consensus revenue estimate of $ 4.56 billion.

Several equity research analysts recently weighed in on the stock. Raymond James raised his price target for Rent-A-Center shares from $ 65.00 to $ 70.00 and gave the company a strong buy rating in a research report on Friday, May 7. Janney Montgomery Scott upgraded Rent-A-Center from a neutral rating to a buying rating in a report released Thursday, August 12. Bank of America began covering Rent-A-Center in a research report on Wednesday, August 25. They set a buy rating and a price target of $ 85.00 on the stock. Ultimately, Zacks investment research downgraded Rent-A-Center from a buy note to a sustain note and set a target price of $ 64.00 for the company. in a research report on Thursday, May 27. One research analyst rated the stock with a conservation rating, six assigned a buy rating, and one gave the company a high buy rating. According to data from MarketBeat.com, the stock currently has an average Buy rating and a consensus target price of $ 69.67.

Rent-A-Center Stock open for $ 63.08 Wednesday. Rent-A-Center has a one-year low of $ 27.83 and a one-year high of $ 67.76. The stock has a fifty-day moving average of $ 57.14 and a 200-day moving average of $ 57.84. The company has a debt ratio of 1.55, a quick ratio of 0.66, and a current ratio of 2.95. The stock has a market cap of $ 4.19 billion, a PE ratio of 17.09 and a beta of 1.56.

(A d)

He called Tesla in 2018 … and Bitcoin in 2015 … now he says brand new financial technology could trigger a $ 4 billion impact from 2021.

Rent-A-Center (NASDAQ: RCII) last released its quarterly profit data on Wednesday, August 4. The company reported earnings per share of $ 1.63 for the quarter, exceeding Thomson Reuters consensus estimate of $ 1.36 by $ 0.27. Rent-A-Center had a net margin of 6.13% and a return on equity of 46.39%. The company posted revenue of $ 1.16 billion for the quarter, against analysts’ expectations of $ 1.13 billion. In the same quarter of the previous year, the company made EPS of $ 0.80. The company’s quarterly revenue increased 69.1% year-over-year. As a group, sell-side analysts predict Rent-A-Center will post 6.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 13. Shareholders of record on Tuesday, June 22 received a dividend of $ 0.31. The ex-dividend date was Monday June 21. This represents an annualized dividend of $ 1.24 and a dividend yield of 1.97%. Rent-A-Center’s dividend payout ratio (DPR) is 35.13%.

In other Rent-A-Center news, CFO Maureen B. Short sold 22,725 shares of the company in a trade that took place on Wednesday, June 9. The shares were sold for an average price of $ 65.01, for a total value of $ 1,477,352.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Additionally, CEO Mitchell E. Fadel sold 27,120 shares of the company in a trade on Wednesday, June 9. The shares were sold at an average price of $ 64.37, for a total trade of $ 1,745,714.40. Disclosure of this sale can be found here. 1.50% of the shares are currently held by insiders of the company.

A hedge fund recently increased its stake in Rent-A-Center stock. Morgan Stanley increased its stake in the shares of Rent-A-Center, Inc. (NASDAQ: RCII) by 22.3% in the 2nd quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The institutional investor held 436,602 shares of the company after purchasing an additional 79,661 shares during the quarter. Morgan Stanley owned approximately 0.66% of Rent-A-Center valued at $ 23,170,000 at the end of the most recent reporting period. Institutional investors and hedge funds hold 70.84% ​​of the company’s shares.

About Rent-A-Center

Rent-A-Center, Inc engages in providing furniture, electronics, appliances, computers and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico and Franchise. The Rent-A-Center Business segment consists of company-owned, option-to-buy rental stores in the United States and Puerto Rico.

See also: What is a growth and income fund?

Rent-A-Center Revenue History and Estimates (NASDAQ: RCII)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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While Rent-A-Center currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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SMVDU and JMC sign agreement for “smart” renovation of Jammu city http://www.fishportaustin.com/smvdu-and-jmc-sign-agreement-for-smart-renovation-of-jammu-city/ http://www.fishportaustin.com/smvdu-and-jmc-sign-agreement-for-smart-renovation-of-jammu-city/#respond Sat, 28 Aug 2021 10:56:47 +0000 http://www.fishportaustin.com/smvdu-and-jmc-sign-agreement-for-smart-renovation-of-jammu-city/

Shri Mata Vaishno Devi University (SMVDU) has signed an agreement with the Jammu Municipal Corporation (JMC) to transform Jammu into a “smart” city.

Shri Mata Vaishno Devi University (Source: official website)

JAMMU: The Jammu Municipal Corporation (JMC) has signed a memorandum of understanding with Shri Mata Vaishno Devi University (SMVDU) to serve as the basis for the development of quality landscape projects in the temple city, officials said on Saturday. The areas of collaboration described in the five-year agreement cover landscape planning and design.

Recommended: Get important details about SMVDU Katra. Download the brochure

Essentially, it is envisioned to transform Jammu into a smart city as part of the Centre’s flagship Smart City mission, officials added. The MoU was signed on Friday by JMC Commissioner and General Manager Jammu smart city Avny Lavasa and SMVDU Registrar Nagendra Singh Jamwal.

Read also | Technical institutions should focus on building a partnership between academia and industry: J&K LG

According to the MoU, the highly experienced faculty of the University’s School of Architecture and Landscaping would provide services regarding site assessment and suitability, site planning, form and design. landform leveling, surface drainage design and water management, irrigation design, opening space design – hard and soft areas – planting design, landscape structures and features, design garden furniture, lighting design, graphic design and signage, tendering services, periodic inspection and evaluation work.

On the other hand, the JMC would provide the detailed requirements for the project, the property lease or the property documents, if applicable, the site plan at an appropriate scale, indicating the boundaries, the contours at appropriate intervals, the existing physical characteristics, including roads, paths, trees, structures, existing service and utility lines and lines to which the proposed service may be connected. “JMC has embarked on the development of public spaces in Jammu as part of the Smart City mission through beautifying and improving aesthetics while respecting the unique identity of the city.” Lavasa said after signing the MoU.

Read also | IIM Jammu Launches Two-Year Executive MBA Program for Working Professionals

SMVDU Vice Chancellor Ravindra Kumar Sinha said professionals and technical experts at the university are encouraged to engage in institutionalized consultations with different government departments in Jammu and Kashmir. “In addition to landscaping and architectural design, we collaborate on projects relating to civil engineering, heritage conservation, energy conservation, public health and the creation of parks. of industrial biotechnology, ”he said. A wide range of landscape improvement projects in Jammu City are being implemented under the Smart City Plan (SCP) approved by the Union Ministry of Housing and Urban Affairs.

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On the way to college? Top tips for students looking to rent for the first time http://www.fishportaustin.com/on-the-way-to-college-top-tips-for-students-looking-to-rent-for-the-first-time/ http://www.fishportaustin.com/on-the-way-to-college-top-tips-for-students-looking-to-rent-for-the-first-time/#respond Sat, 28 Aug 2021 10:18:45 +0000 http://www.fishportaustin.com/on-the-way-to-college-top-tips-for-students-looking-to-rent-for-the-first-time/

The Residential Tenancies Board (RTB) today released its top five tips for first-time and returning students. The tips will help remind students of their rental rights and responsibilities, whether it is their first rental of student accommodation or their last rental.

As September quickly approaches, the results of the certificate release are on their way, and students prepare to return to university, RTB has noticed that the most common issues students face during the rental are related to knowing the basics of renting, such as making sure they are aware of the terms and conditions they have entered into in their lease or license agreement, the amount of rent or a deposit to be paid, or that RTB is here to help.

If you are a student renting this year, it doesn’t matter if your interior design consists of empty pizza boxes and bean bags, what matters is that you use the RTB student rental checklist below. below:

Take a look around: While it can be tempting, you shouldn’t sign a rental agreement or pay a deposit for the first place you see – take the time to check out other properties and find a spot that best suits your needs. And always see a property in person before signing a rental agreement.

Discover the basics: When viewing accommodation available for rent, check that it meets basic minimum standards. Any rented accommodation must meet a number of basic requirements, for example, hot and cold water must be available to the tenant. Also, if you are sharing accommodation with friends or other students, make sure everyone is aware of the terms and conditions of the rental agreement you all signed.

Pay your deposit and get a receipt: Landlords often ask for a deposit at the start of the rental. A landlord cannot ask you to pay more than a month’s rent as a deposit. Ideally, you should only pay a deposit once you have visited the property and are satisfied with the terms of the rental agreement. Once you are happy with the property, be sure to request a receipt that clearly shows the amount and date of payment.

Know how much to pay: If your rental is located in a Rental Pressure Zone (RPZ), rents cannot be increased by more than general inflation. You can check if your rental is in an RPZ, check the previous rent charged and if you are being charged the correct amount of rent by visiting the RTB Rent Pressure Zone Calculator here. Additionally, in addition to being required to pay only one month’s rent as a deposit, students cannot be required to pay more than one month’s rent in advance, unless they wish to do so.

Contact RTB if you need help. If you have questions about your rental or your rental rights and responsibilities, RTB can help. Call us Monday to Friday 9am to 5pm on 0818 303037/01 702 8100 or visit www.rtb.ie and speak to one of our customer service agents via WebChat.

“Getting away from home and settling in a new town or city for the first time can be intimidating. Entering university is a pivotal time for students and for their parents. If this is your first time going to college or in your final year looking to rent, the RTB Student Rental Checklist should be the first place to go to make sure you are starting out. your rental has the right foot, ”said Emer Morrissey, RTB’s interim dispute resolution officer.

“Our checklist is a quick and easy way for you to be as prepared as possible as the new school year approaches. From experience, RTB knows that students can feel overwhelmed when they find new accommodation and we are here to help.

Ms. Morrissey continues: “The RTB is available to help you make your student housing experience stress free. You can find out more about RTB.ie/rentingincollege. “

If you have any questions about your student accommodation and your rental rights and responsibilities, RTB can provide assistance services. Students with questions can use RTB’s web chat service Monday through Friday, 9 a.m. to 5 p.m. by going to www.rtb.ie. RTB would always encourage all landlords and student tenants to keep the lines of communication open if there is a problem and to try to resolve those issues together. If this is not possible, students can use the RTB dispute resolution service for issues related to rent reviews, rent fixing, deposits, breaches of obligations, and maintenance issues.


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Are one-year leases a thing of the past? http://www.fishportaustin.com/are-one-year-leases-a-thing-of-the-past/ http://www.fishportaustin.com/are-one-year-leases-a-thing-of-the-past/#respond Fri, 27 Aug 2021 22:14:21 +0000 http://www.fishportaustin.com/are-one-year-leases-a-thing-of-the-past/

Deciding which rental agreement best suits the income you want to earn on your property can be difficult for homeowners. As with any successful business, your journey as a landlord must begin with a viable business plan of which the length of your rental contract is a critical part.

In these difficult financial times, monthly leases should be considered as they offer homeowners flexibility, increased profits and protection in an increasingly competitive market.

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However, understanding the law surrounding your lease rights and obligations can be overwhelming at first glance.

I share my take on the pros and cons of month-to-month leases versus fixed-term leases, and how they can ensure that landlords get the most potential income from your property.

There is a lot of fear and misinformation surrounding the eviction, leaving many people confused by the complexity of the process. While it is true that tenants simply cannot be kicked out on the streets without due process, tenants and landlords have a right and an obligation to honor the contract they have entered into. In short, tenants are responsible for the rent and landlords have the right to claim their rent or terminate their lease with a tenant who does not pay.

Overall there may be some discrepancies, but the rule of thumb is that landlords have the right to claim their rent, charge unpaid amounts, and cancel the lease. In South Africa, the entire legal process is governed by the Rental Housing Act, and the rights and obligations arising from this Act are also contained in the rental agreement.

Eviction is an absolute last resort for both the tenant and the owner, and requires a large investment of energy beforehand to secure the elements necessary for a successful eviction. These include a legally binding rental agreement signed in its entirety by both parties, proof of invoices and payments to the current date, an official letter of request for monies due, proof of sending the letter. of application and receipt, and a letter of termination of the lease.

Historically, leases are signed for a period of 12 months, during which the rent is paid in advance monthly in 12 monthly installments. However, if Renters anticipate that they will not be able to pay the Rental Amount in accordance with the Rental Agreement, there is a provision allowing the Renter to cancel earlier. Likewise, a landlord also has the right to terminate the rental agreement early – in specific circumstances such as the need to occupy the property himself or if he intends to sell the property.

The general practice is that a landlord must give a tenant two months ‘notice, while a tenant can give the landlord 20 working days’ notice in the event of an early termination. These deadlines are the reference, but in some cases may vary from one contract to another as long as they are stipulated in the rental contract.

The standard twelve month rental contract

Historically, there has been a sense of comfort around securing a longer term lease. For tenants, that meant not having to move so often and for landlords, the fixed time and associated penalties mean relatively hassle-free income over the coming year.

The standard 12-month fixed-term lease has a 20-day letter of formal notice, which means that if the landlord wants to cancel when a tenant doesn’t pay, they must provide the tenant with 20 days to remedy the situation, before a lease cancellation. a notice can be issued on the 21st day.

The downsides to these leases are that for landlords it affects the timing of the letter of request and the lease termination process. Ultimately, this forces landlords to wait longer to terminate the lease if payment is not received. There are also implications for the estate agent’s fees, as the full 12 months of fees would be payable even if the lease is canceled prematurely.

Over time, the demand for choice and flexibility over fixed contracts means that more and more landlords and tenants are choosing to give monthly leases a chance because of their ability to meet non-payment of a tenant. However, even in a “fixed” lease, each party has the right to terminate at any time. They are only required to give the amount of the notice of termination provided for in the contract, namely 60 days for owners and 30 days for tenants.

Short-term leases (1, 3 and 6 month leases)

Basically, the benefits to a landlord of a month-to-month lease are that if a tenant cannot afford to pay their rent, the lease can be legally terminated earlier, allowing the landlord to place a new tenant in their property and to generate income. . A month-to-month lease only has a 7-day letter of formal notice which is effective for landlords when they bring an action for breach of the tenancy agreement by the tenant.

This form of lease gives landlords a greater ability to take action more quickly in the event of non-payment. The landlord would certainly be able to move faster to recruit another tenant given the short lead times, taking a non-income or low-income asset and earning it the profits the landlord was counting on. Additionally, in month-to-month leases, liability over agent fees may be less onerous.

Since the Pandemic, we are adapting the way we contract our leases according to their nature (fixed term versus month by month), and certain conditional conditions. RentMaster’s goal during and after each pandemic wave is always for owners to receive rentals that may have been missed. Part of this recovery is helping homeowners understand the declining affordability of their property and adjusting rental rates accordingly.

One way to provide an additional layer of security is to encourage the collection of rents by debit order; this provides landlords with a layer of security, but also allows tenants to rehabilitate their payment records and credit scores. Finding creative ways to respond faster and more effectively to non-payment of rent is one of RentMaster’s main motivations. One way is for the tenant and landlord to sign rental agreements that give them more freedom to respond and change their arrangement due to individual circumstances.

Questions to answer when signing a lease

What type of lease, fixed term or monthly, is it? Your ability as a landlord to respond to non-payment is heavily influenced by the type of lease.

Are all adults on the property listed in the lease? As a landlord, the more adults you have listed as rental managers, the more likely you are to get a letter of request because each person receives a letter of request.

What are the termination clauses and notice periods associated with the lease?

Is there a presumption of receipt clause in the contract? It is important that you as a landlord have proof that your procedural communication has been sent to the right address and to the right person if you are to go through the legal process for debt collection or eviction.
Are all the fields and signatures that must appear on the document present? This is imperative because incomplete documents are not binding documents.

Ultimately, the optimal type of rental agreement is one that the tenant can comfortably live with and afford. As soon as affordability is called into question, a renegotiation between landlord and tenant must take place to revise the rental value and decide whether a new tenant is wanted. A month-to-month rental agreement gives both landlord and tenant the ability to work quickly and make those changes with as little time as possible between each legal step. But a 12-month deal allows for a certain degree of perceived assurance regarding the property’s income over the following year.

Rentmaster believes that homeowners shouldn’t be alone in the complex real estate landscape. We often see landlords taking ownership of their property management underestimating the time and energy required to collect rent, track tenants and collect debts.

Our world is constantly changing. To maximize wealth creation from rental properties with minimal emotional strain, landlords need to adapt their thinking from traditional contracting methods and be open to adjusting fixed-term contracts to monthly leases. In a competitive market, the sooner we can respond on behalf of landlords, the sooner we can go through the legal process for them to find another tenant and earn the money they bet on.

Shanaaz Trethewey, CEO of RentMaster.


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The contract for the production of AK-203 awaits the signing of the MoD http://www.fishportaustin.com/the-contract-for-the-production-of-ak-203-awaits-the-signing-of-the-mod/ http://www.fishportaustin.com/the-contract-for-the-production-of-ak-203-awaits-the-signing-of-the-mod/#respond Fri, 27 Aug 2021 14:59:00 +0000 http://www.fishportaustin.com/the-contract-for-the-production-of-ak-203-awaits-the-signing-of-the-mod/ This joint venture includes Ordnance Factory Board (OFB) (50.5%), Kalashnikov Concern (42%) and Rosoboronexport (7.5%).

For the manufacture of AK-203 7.62 × 39 mm rifles, Rosoboronexport submitted its proposals to Indo-Russian Rifles Private Limited (IRRPL), a Russian-Indian joint venture. And, in turn, the joint venture has prepared a contract, which is awaiting signature by the Indian Ministry of Defense, a senior official at Rosoboronexport confirmed to Financial Express Online.

This joint venture includes Ordnance Factory Board (OFB) (50.5%), Kalashnikov Concern (42%) and Rosoboronexport (7.5%).

“We are ready to supply equipment, train Indian specialists and carry out commissioning at Ordnance Factory based in Korwa (UP) immediately after the contract is signed,” said the officer quoted above.

Rostec Rosoboronexport and Kalashnikov subsidiaries and Ordnance Factory Board of India plan to produce Kalashnikov assault rifles with 100% final location in India.

This rifle is on display at the Army 2021 exhibition underway in Russia.

The cost of the rifle is still an issue, although according to reports, all concerns over cost and other issues have been resolved. The overall cost of each rifle includes the cost of setting up the manufacturing unit as well as the transfer of technology.

The AK-203 – a 7.62x39mm caliber rifle, is a derivative of the more popular AK-47 and has been used not only by military personnel around the world, but several terrorist groups have preferred this rifle since 1949.

Prime Minister Narendra Modi and Russian President Vladimir Putin both made a deal to set up the Kalashnikov rifle factory in India in 2018.

Indo-Russian military trade

In the past three years, military trade between the two countries has reached $ 15 billion.

This is what Victor N Kladov, head of international cooperation and regional policy of the state company Rostec, said at the Army 2021 exhibition in Russia. A large official delegation comes from this country to attend the exhibition and meet with senior officials.

What are the contracts worth $ 15 billion?

Despite US sanctions against Russia, bilateral military trade between the two countries has reached $ 15 billion in the three years since 2018. This includes $ 5.2 billion for the S400 Triumf air defense system which was inked in 2018 .

The lease of the third Chakra III nuclear-powered attack submarine and the $ 3 billion contract were signed in 2019.

And several other emergency purchases have been made since 2018.

Indian army requirements

The Indian military urgently needs two different rifles – a light assault rifle and a rifle that has a high rate of fire and can be used to guard the long stretches of borders close to China and Pakistan.

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Kostas Tsimikas breathed new life into Liverpool at left-back | Liverpool http://www.fishportaustin.com/kostas-tsimikas-breathed-new-life-into-liverpool-at-left-back-liverpool/ http://www.fishportaustin.com/kostas-tsimikas-breathed-new-life-into-liverpool-at-left-back-liverpool/#respond Wed, 25 Aug 2021 11:02:00 +0000 http://www.fishportaustin.com/kostas-tsimikas-breathed-new-life-into-liverpool-at-left-back-liverpool/

THEiverpool has rewarded its star players with new offers this summer. Andy Robertson is the most recent to pen a new contract, following in the footsteps of Trent Alexander-Arnold, Fabinho, Alisson and Virgil van Dijk as the club seek to protect their precious assets.

While that does mean there is less money to spend in the transfer market, tying up players who have won the club in the Champions League and Premier League is a steal. These actors are always crucial and they constitute the ideal base on which to build. Liverpool have a number of inexperienced players in the squad – including Curtis Jones, Harvey Elliott and Ibrahima Konaté, a £ 36million new arrival from RB Leipzig this summer – so keeping the experienced crop will only help their development. .

Robertson deserves his new contract after another excellent campaign. He scored seven league goals last season; Aaron Cresswell (eight) was the only defender with more assists. On the other hand, Robertson has played all but 34 minutes of the season as Liverpool leaned heavily on their first-choice left-back.

Liverpool signed a left-back last summer, bringing Kostas Tsimikas to club Olympiakos for £ 11.75million, but he was limited to just six minutes of Premier League action as Robertson started the 38 Liverpool league matches. The Greek full-back has started a few Champions League games but must have wondered what his future holds for him, especially as Napoli and Fenerbahçe were apparently keen to sign him this summer.

However, playing for Jürgen Klopp requires patience. He tends to slowly introduce players to his first team. Even Robertson had time to acclimatise when he joined the Hull City club in 2017. He only started two of Liverpool’s opening 14 league games in his debut season while remaining on the touch, learned Klopp’s style and watched Alberto Moreno play on the left. back. Alex Oxlade-Chamberlain made seven replacement appearances before starting a league game and Fabinho didn’t start a Premier League game until October after joining the club for £ 40million in the summer of 2018. That can be frustrating for Liverpool players – and fans – but it’s Klopp’s way.

Andy Robertson also had to bide his time at Liverpool. Photograph: Michael Mayhew / Sportsphoto / Sportsphoto Ltd./Allstar

Tsimikas first caught the attention of Liverpool with his impressive performances for Olympiacos in the Champions League and Europa League. His average of 4.3 tackles per game in the Europa League during the 2019-20 season was the competition’s fourth-best player. His tenacity off the ball meant he was perfectly suited to Klopp’s pressing Liverpool style. He also provided a solid offensive outlet for Olympiacos when in possession, able to either pass from the full-back or carry the ball down the line.

After restraining Tsimikas from the first team last season, Klopp’s hand was strained when Robertson injured his ankle in the preseason. Tsimikas have started both Liverpool league games this season, making commendable changes in wins over Norwich and Burnley. Admittedly, he looked a little rusty as the minutes rolled by against Norwich, making a few mistakes. But he looked extremely comfortable in Saturday’s 2-0 win over Burnley, both on and off the ball. He organized Diogo Jota’s opener on Saturday with one of his four key assists; only Trent Alexander-Arnold (seven) made more of all the players on the field. That cross in the box for Jota was reminiscent of Robertson.

Now Klopp has a decision to make. Robertson recovered quickly from his injury and may even be fit to play against Chelsea this weekend. He is one of the best left-backs in Europe; he played a crucial role in Liverpool’s recent success; and his stats are still impressive – in the past three seasons only three players have created clearer chances in the Premier League.

Still, Tsimikas’ start to the season gave Klopp something to think about. Chelsea are one of four other teams in the league with a 100% record this season and their attack is frightening. If chosen, Tsimikas’ Premier League inexperience could come back to haunt Liverpool. Conversely, dropping him immediately after such a promising start to the campaign could be a blow to his confidence. Klopp persisted with Robertson even when he looked tired towards the end of last season. Letting Tsimikas down now could damage his morale again.

It’s tricky for Klopp, but he can take comfort in the fact that Tsimikas spent 12 months at the club, learning the team’s style and developing. This experience will improve the Liverpool squad this season. Robertson was the only Liverpool player to start every league game last season, but the team won’t depend on him as much now as Tsimikas has shown he is a solid save option.

Klopp admitted it this weekend, saying: “Over the last few years we’ve had the problem that it was quite difficult to replace Robbo. I would say that is not really possible because Robbo is a world class player. He is incredible. He is the complete package as a defender and a striker. He is a leader in the team. Kostas took a while to get used to everything we’re asking the left-backs to do. It’s great to have them both. As a manager, it’s hard when you don’t have a left-back. Having two is no problem. Considering Liverpool’s injuries last season, having quality cover in a key area of ​​the pitch is a big boost for Klopp and Liverpool’s title aspirations.

Premier League Team of the Week

Infographic: WhoScored
Infographic: WhoScored Photography: WhoScored



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]]> http://www.fishportaustin.com/kostas-tsimikas-breathed-new-life-into-liverpool-at-left-back-liverpool/feed/ 0 PRESIDIO PROPERTY TRUST, INC. : entering into a material definitive agreement, creating a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, other events, financial statements and exhibits (Form 8-K) http://www.fishportaustin.com/presidio-property-trust-inc-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-an-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-other-ev/ http://www.fishportaustin.com/presidio-property-trust-inc-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-an-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-other-ev/#respond Wed, 25 Aug 2021 10:27:46 +0000

Item 1.01 Conclusion of a Material Definitive Agreement.

At August 19, 2021, NETREIT DUBOSE MODEL HOME REIT, LP, a Delaware limited partnership (“NetREIT Dubose”), NETREIT MODEL HOMES, INC., a Delaware
company, formerly NETREIT MODEL HOMES, LLC (“NMH”), DUBOSE MODEL HOME INVESTORS # 202 LP, a California limited partnership (“Dubose # 202”), DUBOSE MODEL HOME INVESTORS # 203 LP, a California limited partnership (“Dubose # 203”), DUBOSE MODEL HOME INVESTORS # 204, LP, a California limited partnership (“Dubose # 204”), DUBOSE MODEL HOME INVESTORS # 205, LP, a California limited partnership (“Dubose # 205”), and DUBOSE MODEL HOME INVESTORS # 206, LP, a California limited partnership (“Dubose # 206”, and together with NetREIT Dubose, NMH, Dubose # 202, Dubose # 203, Dubose # 204 and Dubose # 205 collectively, “Borrowers”), and
IBERIA BANK, a division of First Horizon Bank (“Lender”) entered into the ninth rider (“Rider”) to its loan agreement, dated Feb. 26, 2016, which was previously amended by the first eight amendments dated March 14, 2016,
June 29, 2016, April 11, 2017, Feb. 20, 2018, April 11, 2018, April 11, 2019, May 22, 2020 and June 26, 2020 (as amended, the “Loan Agreement”).

Under the Loan Agreement, PRESIDIO REAL ESTATE TRUST, INC., a Maryland
company, formerly NETREIT, INC. (the “Company”) signed a guarantee agreement dated Feb. 26, 2016 (the “Guarantee Agreement”) by virtue of which it guaranteed to the Lender the payment and performance of the obligations under the Loan Agreement.

The amendment provides for a $ 30 million loan, less the principal amount outstanding under this separate loan agreement as of February 15, 2021
between the lender and NMH. The Loan relates to the principal unpaid of any advance bears interest before maturity at a fixed rate per year equal to the lesser of (a) the maximum rate authorized under Texas law, or (b) the greater of (i) three percent (3.00%) per annum and (ii) the sum of the index rate then in effect on the date the borrower directs the lender to fix the interest rate for an impending advance plus two and a quarter percent (2.25%); provided, however, that such fixing of the interest rate is not effective for more than thirty (30) days and upon the expiration of such thirty (30) day period, the index rate will be reset. five (5) working days before the date of this advance. The amendment provides for a termination date of August 17, 2022.

Under the terms of the Loan Agreement, the Lender agrees to make periodic advances to the Borrower from time to time with the proceeds of such advances being used for the borrower’s purchase of model homes approved by the Lender at its reasonable discretion. Principal amounts under the loan agreement will be amortized over a period of 20 years. Each advance made by the Lender to the Borrower will be equal to or less than: (a) 70% of the lesser of the appraisal or purchase price of the Model Home purchased by the Borrower with the proceeds of that advance, and (b) the amount which would cause the lease payment coverage ratio (as defined in the loan agreement) for such an advance to be equal to (but not less than) 1.25 to 1.00. For each advance made by the Lender to the Borrower, the Borrower will pay an origination charge of 1.0% of the amount of such advance. The Borrower will give the Lender a first priority lien on each Model Home or the lease of each Model Home as part of the advance to the Borrower to acquire such Model Home.

If an Event of Default occurs, the Lender will have the right to take various actions, including a late interest rate, acceleration of amounts due under the loan, and foreclosure of any lien granted to the Lender to secure the loan. payment and performance of obligations under the loan agreement. .

The above summary of the Loan Agreement and the Addendum is qualified in its entirety by reference to the Loan Agreement and the Addendum, copies of which are attached hereto as Schedules 1.1 and 1.2. and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

Information set out in response to Item 1.01 of this Form 8-K is incorporated by reference in response to this Item 2.03.


Item 8.01 Other Events.


A copy of the press release issued by the Company announcing the Amendment is included as Exhibit 99.1 of this current report on Form 8-K.

Item 9.01 Financial statements and supporting documents.



(d) Exhibits



Exhibit No.   Description

1.1             Ninth Amendment to Loan Agreement singed August 19, 2021.
1.2             Loan Agreement dated February 26, 2016, together with Second
              Amendment to Loan Agreement dated as of June 29, 2016, Third
              Amendment to Loan Agreement dated as of April 11, 2017, Joinder and
              Fourth Amendment to Loan Agreement dated as of February 20, 2018,
              Fifth Amendment to Loan Agreement dated as of April 11, 2018,
              Joinder and Sixth Amendment to Loan Agreement dated as of April 11,
              2019, Joinder and Seventh Amendment to Loan Agreement dated as May
              22, 2020 and Eighth Amendment to Loan Agreement dated as of June 26,
              2020.
99.1            Press Release, dated August 20, 2021.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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