Forums  

Go Back   Forums > ISM Discussion Area > General Supply Management Discussions

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 10-08-2012, 02:05 PM
000000222389
Guest
 
Posts: n/a
Default Water Cooler - Lease Renewals & Payment Terms

I'm Jim Mcfarlane from Konica Minolta. I'm currently setting up a rental agreement for a water cooler for one (1) of our branches.

The Rental Agreement states: that upon lease renewal the vendor can increase the rent up to 5%. Q: What kind of terms have you negotiated for lease renewal increases? Is there a benchmark or best practice for this type of percentage increase?

Also in the Agreement is a part stating "if payments are more than 10 days late, we will have to pay a late fee of 5% or $5.00 whichever is greater." Q: What kind of payment terms are the norm. What terms have you negotiated?

Please let me know your thoughts.

Thank You,

Jim Mcfarlane C.P.M.
Konica Minolta
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT. The time now is 07:32 AM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.