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Corrections Corporation of America Message Board

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  • crosswindlandings crosswindlandings May 20, 1999 12:31 AM Flag

    INSIDER ALERT-PRESIDENT SOLD 20,000 SHAR

    ...estate business, it's standard operating
    procedure to give new tenants a tenant inducement allowance
    as an inducement or incentive for them to sign a
    lease. A tenant may get a few months free rent, a tenant
    improvement allowance whereby the new tenant's renovations
    (paint, wallpaper, partition construction, etc.) are
    partially or completely paid for, free parking spaces,
    etc.

    I don't see anything unusual about OPCO paying the
    full lease payment from day one but PZN gives OPCO
    tenant inducement allowances (e.g. $4000 a bed for
    ramp-up allowance, $4.5% for successful third-party
    marketing costs, etc.) I'd find it incrediby unusual if
    there were no inducement fees at all.

 
CXW
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