Scenario 1:  Sue is a tenant of Bob’s pursuant to a Lease with a 10-year Initial Term.  It is 6 months prior to the expiration date of the Lease, and Sue’s renewal option provides for at least 3 months written notice to Bob before the expiration of the Initial Term if Sue would like to continue her tenancy for another 5 years.  Sue’s business is prosperous, and she would like to exercise her 5-year renewal option.  Therefore, she types a letter notifying Bob of her intent to continue her tenancy, signs the bottom of the letter, and places the letter in a UPS box for overnight delivery to Bob. 

Scenario 2:  John is the LL of a 40-story building in Charlotte, NC.  The building is at 95% capacity when he is approached by Jane.  Jane would like to rent the entire 23^rd Floor of the Building to accommodate her mortgage lending business.  John is thrilled because he has been trying to rent out the 23^rd Floor for quite some time.  He currently has 2 tenants on the Floor; however, in each of their leases, John negotiated for a relocation clause, which allows John to relocate the 2 tenants upon 90 days written notice.  John may relocate these 2 tenants currently occupying part of the 23^rd Floor to other suitable space within the Building.  John decides it is more profitable to have Jane occupy the entire 23^rd Floor, so he types letters to the 2 tenants on 23^rd Floor explaining where they will be relocated within the Building.  Then, John decides, as a personal touch, to hand-deliver the letters to each of the tenants. (more…)

Don't Judge a PDF by its cover.

What is a PDF document? Is a PDF document only an image that you can email and print? There is much more to PDF documents than most people realize. The PDF format is a widely used standard for secure, dependable electronic information exchange that is recognized by industries and governments around the world. According to Adobe, there are more than 200 million PDF documents on the web today. The website www.wikipedia.com describes a PDF standard as follows: “the Portable Document Format (PDF) is the file format created by Adobe Systems in 1993 for document exchange. PDF is used for representing two-dimensional documents in a device-independent and display resolution-independent fixed-layout document format.” (more…)