We carried on with the adjustment. Had a few tenants complain, but for the most part they just paid it. Ours is based on the CPI over the previous 5-year period. Hope that helps… J
Coeur d'Alene Airport
10375 Sensor Avenue
Hayden, ID 83835
We are conducting a survey of airports regarding the impact of the economy on lease rates. The question is as follows: If you had a scheduled lease rate adjustment in either 2009 or 2010 within an existing lease at your airport, did you follow through on the adjustment? If not, was the scheduled adjustment deferred for a period of time, or just skipped until the next scheduled adjustment?
Thanks for your assistance.