I recently had the pleasure of hearing Leon Royer, Vice Chair of American Bank, address the Bozeman Rotary Club on November 24, 2008. I feel that his message about the Financial Rescue Plan and TARP is as succinct and accurate as any I have heard. I hope you find this explanation helpful and informative as we search to acquire a basic understanding of the “bail-out”. What follows is an excerpt of his speech printed with his permission.

Let’s start from the beginning. The real name of the legislation is H.R.1424 but the short title is the Emergency Economic Stabilization Act of 2008. It was ultimately passed by Congress on October 3, 2008.
 
The common name for the effects of the Act is the Troubled Asset Relief Program or “TARP”.  
 
What it is not? – It is…

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What are the differences between a "Gross Lease" and a "Net Lease"?

A gross lease obligates the Landlord to pay taxes and operating expenses on a property. In theory, the level of rent paid by a tenant is high enough to cover the landlord's expense outlays.

Net leases require the tenant to pay a base rent plus a portion of the operating expenses. Full net leases also called "net-net-net" or "triple net" leases typically require tenants to cover all expenses, including taxes, insurance, utilities, repairs, and maintenance. Some net leases may require the tenant to pay some expenses and the landlord to pay other expenses. The term "net lease" applies to any and all leases under which a tenant pays portions of the operating expenses.

This is brought to…

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