The Ledger Collection: January 2015

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Accounting for property lease incentives

Lease incentives are negotiated into many commercial property leases as an incentive for the tenant to sign a long-term lease. Free rent, cash for moving expenses, renovations, video conferencing equipment, and elaborate conference rooms help close deals.

Air Rights in New York City

New York City enacted the nation’s first comprehensive zoning resolution in 1916. Currently, with the exception of parkland and other open spaces, every square foot of the city is subject to zoning regulations. The purpose of these regulations is to ensure some degree of structural and usage conformity in the various boroughs and neighborhoods that comprise this very diverse metropolitan area.