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DC Public and Public Charter Schools
Reply to "interesting DCI and Washington Latin news"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DCPS doesn't 'give.' At most they will provide a long term lease and the tenant bears all needed renovation costs. [/quote] I read in the Post that the under those leases, renovation spending is credited as rent.[/quote] But they don't get the equity obviously. It is a mess. [/quote] Crediting renovations as rent is a completely typical real-estate arrangement, and is especially reasonable on a long-term lease where the tenant has the use of improvements until their value has mostly or entirely depreciated.[/quote]
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