What it's worth is what it goes for. If you have a niche business with not a fast turnover, then the rent is too high. The developers obviously spent a great deal of money on all three squares. Does anyone remember them moving giant live oak trees to the area? The Villages are not alone in charging percentage rent. It is a common business practice. I will post this again.


How Percentage Rent Works in a Commercial Real Estate Lease

And as many savvy people who understand retail have already explained, there are a lot of successful businesses in the three squares able to meet the rent.

I don't know the Morses, but I do know a little bit about business. I watched underfunded niche businesses with big ideas fail a lot.

But when it doesn't "go for" it's not worth the money hense dark space after 3 years.

It's only because they don't need the money they can sit on the property.

the new space on rt 44 east of Sparrs is like 12-15 a foot 6 free months, almost all rented I think.


Percentage Rent is not done on most retail space it is done mostly in malls etc.

these squares don't have year round foot traffic.


??????



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You must know more than they do. Most businesses have high seasons. Clothing is cyclical. If you have what everybody wants, or what everybody is willing to pay a lot for...well there you are. I am frugal, in fact many call me tight. I don't often shop at the squares. I have always been aware of the high rent at vacation destinations. If you have to pay high overhead, or high wages, the consumer foots the bill.

Do you think that concept is unique to TV.....it's not.

Just remember, he who has the gold makes the rules

So let's not kill the goose that laid the golden eggs.


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We go to the squares on occasion, I browse. It reminds me when we were kids on vacation. You went into town walked thru the shops and got to spend your few dollars. If I am shopping it's mostly on line. I do miss the banner stores. I did buy from them often. Just not the same when they moved to the sales office.

I bought a house in Brownwood and love it. Less congestion, quick access to Turnpike/I75 and plenty of facilities to choose from. Once the Turnpike exits are built it will be a short commute to Orlando.

If you loving hanging out in a Town Square or shopping then North of 466A is much better .

As far as appreciation, I believe Brownwood will be the best as 44 gets developed. Seems TV is making a big push for Brownwood to be the Grand Entrance.

:bigbow:

I agree.......let it come slowly. Love it.

empty stores are a tax right-off....

Like your quote!..I guess deep minds think alike.Or is it just simple minds

Expenses, such as utilities, for empty store fronts are legitimate business expenses. If you are suggesting that rent not collected is also a business expense, I don't believe that is true. Full disclosure: I did the taxes for my wife's business for over 10 years.

What section of the Code is that from? I will have to check it out!!

Really?

Don't fall for the tax troll

If you are in a 101 per cent tax bracket!!!

empty rental property is adjusted in my taxes......

adjusted....right off....same thing.....

If you actively participate in a rental real estate activity, you can deduct up to $25,000 of your rental loss even though it’s passive.

To actively participate means that you own at least 10% of the property, and you make major management decisions, such as approving new tenants, setting rental terms, approving improvements and so forth

I am sure the developer fits into this catagory as well.... I like turbo tax......does all the work for you

To intimate that the property would intentionally be held off the market would not work in a net sense unless the tax savings was in excess of the rent attainable.

Again.