Sierra Corporate Management A Kort & Scott Company
Long-Term Lease Incentives from SCM
The question of “How much is a lease worth to KSFG/SCM?” has arisen many times. We've crunched the raw data and have added a new column to our SCM Space Rent Calculator showing your "Lease Value" or what you will pay for your Space Rent for the duration of your lease. The Lease Value also gives us an all-in starting point for the total value of the Lease Receivables.
The financial incentives (e.g. $500, $1,000) being offered by KSFG/SCM to sign a Long-Term Lease Agreement are a pittance compared to the estimated value of the Lease Receivables.
Corona La Linda Mobile Home Park
C/o Sierra Corporate Management, Inc.
777 South Temescal Street
Corona, CA 92879
[Month] [Date], [Year]
[Last Name] Residence/Tenants in Possession
777 South Temescal Street #
Corona, CA 92879
Dear Residents,
I am pleased to send out an invitation to those residents who are currently not on a long-term lease the following offers:
The lease is available for you to review at any time. Here are some of the benefits signing a Long Term Lease offers to you as a resident:
- Ability to budget your increases.
- 15-year, 20-year, 25-year options.
- Stabilize your rent with limiting your future increases to 7, 6, or 5% (or CPI whichever is greater), depending upon the length of the lease you choose.
- No early termination penalties as described on Page 7, paragraph 4a-4b.
- Security in knowing that you have a legal and binding contract in the future of your home.
- All pass through’s have been removed for the long term leases.
In addition, a long-term lease offers stability. It includes a pattern of reasonable and orderly rent increase over the years to help us meet expenses which will inevitably rise. For as long as the long-term lease is in effect, neither the current park owners nor anyone else to whom it might be sold would have the right to make any new or additional increases in rent except as provided in the lease at the time you signed it. No doubt about it − it’s a trade-off for both you and the park. Under the long-term lease, the park is giving up its rights to increase your rents an unknown amount at any time, and you are provided the inherent stability knowing the maximum amount your rent might increase for 15, 20 or 25 years.
Additionally, we will present to you this gift of value, a $500.00 check! Please note, a long-term lease must be executed in order to receive the check and will be mailed within three weeks of your signature on the lease agreement itself.
Sample leases are available at the park office. Please come see me with any question you may have no matter how big or small. I am here for you!!
To request your lease, please complete the bottom portion of this page and return it to the park office or, if you do not have time please call the office, and I can take your lease request over the phone or collect them from the voicemail. Please include the items listed below in any phone requests.
Also, please note this offer expires on April 28, 2017 at close of business.
Thank you,
Noemi Solis
Community Manager
Name of Residents to be included on the Lease: ______________________________
$500.00 Gift of Value
Fri, Jan 27, 2017 – Letter from Sierra Corporate Management (SCM) promoting Long-Term Leases at Corona La Linda Mobile Home Park.
SCM Lease Incentive
Corona La Linda Mobile Home Park
File Type: PDF, Pages: 1, File Size: 41KB
Space Rent Calculations
Long-Term Lease Incentives from Abe Arrigotti
The question of “How much is a lease worth to KSFG/SCM?” has arisen many times. We've crunched the raw data and have added a new column to our SCM Space Rent Calculator showing your "Lease Value" or what you will pay for your Space Rent for the duration of your lease. The Lease Value also gives us an all-in starting point for the total value of the Lease Receivables.
The financial incentives (e.g. $1,000) being offered by KSFG/SCM to sign a Long-Term Lease Agreement are a pittance compared to the estimated value of the Lease Receivables.
Knolls Lodge Mobile Home Park
C/o Sierra Corporate Management, Inc.
23701 South Western Avenue
Torrance, CA 90501
[Month] [Date], [Year]
[Last Name] Residence/Tenants in Possession
23701 S. Western Avenue, Space #
Torrance, CA 90501
Dear Residents,
I am pleased to send out an invitation to those residents who are currently not on a long-term lease the following offer:
$1,000.00 paid to you directly in a check! Please note, a long term lease must be executed in order to receive the check and will be mailed within two weeks of your signature on the lease agreement itself.
The lease is available for you to review at any time. Here are some of the benefits signing a Long Term Lease offer to you as a resident:
- Ability to budget your increases.
- 15-year, 20-year, and 25-year options.
- No early termination penalties as described on page 7, paragraph 4a-4b.
- Security in knowing that you have a legal and binding contract in the future of your home.
In addition, a long-term lease offers stability. It includes a pattern of reasonable and orderly rent increase over the years to help us meet expenses which will inevitably rise. For as long as the long-term lease is in effect, neither the current park owners nor anyone else to whom it might be sold would have the right to make any new or additional increases in rent except as provided in the lease at the time you signed it. No doubt about it – it’s a trade-off for both you and the park. Under the long-term lease, the park is giving up my rights to increase your rents arbitrarily at any time, and you are relying on its inherent stability to greatly reduce the chance of any startling, unexpected rent increases.
Sample leases are available at the park office. Please come see me with any question you may have no matter how big or small. I am here for you!
To request your lease, please complete the bottom portion of this page and return it to the park office or, if you do not have time please call the office, and I can take a lease request over the phone or collect them from the voicemail. Please include the items listed below in any phone requests.
Also, please note this offer expires on [Month] [Date], [Year] at close of business.
Thank you,
Abe Arrigotti
President
Name of Residents to be included on the Lease: ______________________________
Space #: ___________ Contact Phone Number: ______________________________
$1,000.00 Paid to You
Letter from Abe Arrigotti Promoting Long-Term Leases at Knolls Lodge Mobile Home Park.
SCM Lease Incentive
Knolls Lodge Mobile Home Park
File Type: PDF, Pages: 1, File Size: 41KB
Carson Gardens Trailer Lodge and Laco Mobile Home Park
Sierra Corporate Management Offering Cash to Sign Long-Term Leases – On Wednesday, December 2, 2015 at 6:00 PM, the City of Carson, California held a Mobilehome Rental Review Board meeting. Mr. Abraham Arrigotti, President of Sierra Corporate Management was present and asked by a board member if it was true that SCM were offering residents at Carson Gardens Trailer Lodge a $450 cash incentive to sign long-term leases? Mr. Abraham Arrigotti responded with a "yes" and counsel (Thomas W. Casparian) for Sierra Corporate Management confirmed that this was legal and it is encouraged.
$450.00 Cash Paid to You
City of Carson – Mobilehome Rental Review Board Meeting (Video) Wednesday, December 2, 2015, Begin: 00:21:50, Long-Term Lease Cash Offers: 01:19:00
Hollydale Mobile Home Park
5700 Carbon Canyon
Brea, CA 92823
Rent Discount Offering for Buyer
In consideration for the rent credits totaling $4,200.00 provided for the long term lease option,
OR
In consideration for the rent credits totaling $4,200.00 provided for the 12 month/month to month rental agreement,
Park owner agrees to the above mentioned discounted space rent as a gift of value; in exchange, tenant agrees to the following:
- Tenant grants the park owner a right of first refusal to purchase Tenant's mobilehome for the price the home was purchased for by the tenant noted herein or the offer given at time of sale, WHICHEVER IS LESS. If Tenant receives a bona fide offer to purchase the mobilehome, a copy of the offer (including all terms and conditions whether written or oral) shall be submitted to park owner who shall have five (5) business days to meet and agree to its terms. Tenant shall inform the third party offeror of this Agreement when its offer is made. The park owner may agree to buy the mobilehome on the offeror' s terms by sending (or delivering) written notice within such five (5) days period.
- If the park owner does not send notice of acceptance, tenant is free to sell the mobilehome to offeror. But in such case: if there are any modifications or changes to the contract with offeror; if offeror fails to buy the mobilehome; or, if title is not transferred, then tenant will repeat the foregoing procedure to give the park owner the right to meet the agreement as modified or changed, as well as the terms of all subsequent offers.”
Note: 05/2016, 3-Page Document Attached to 21-Page Long-Term Lease Agreement
$4,200.00 Rent Discount
Tustin Village Mobile Home Park
C/o Sierra Corporate Management, Inc.
15352 Williams Street
Tustin, CA 92780
[Month] [Date], [Year]
[Named] Residents
15352 Williams Street, Space #
Tustin, California 92780
RE: Lease offer for all residents
Dear Residents,
We are pleased to announce that the park is offering long-term leases to current month-to-month residents of Tustin Village!
The leases offer many benefits to you as a resident. One of the largest benefits is that it LIMITS your annual rent increase for the term of your tenancy at the park! In other words, you will be able to know how much the rent increase will be every year. It is also important to note that while it may have a term of 15 years or more, you can break your lease without cost to you with a 60 day written notice to the park and either sell your home and/or remove your home from the park! As most of you are aware, the Real Estate market in Southern California has seen huge increases. This has translated into large rent increases for apartments and mobile home parks as well as higher and higher home prices/value for single-family homes. A long-term lease helps control the amount of annual increases by a fixed formula.
Our basic offering terms are leases of 15 years, 20 years and 25 years. Although we want all of you to take advantage of this offering due to the many benefits of a lease, we cannot leave the offer open forever. Therefore, we are placing the lease offer out to all current month-to-month residents of the park until [Month] [Date], [Year]. At that time, if you have chosen not to take advantage of the offer, you will remain month-to-month. If you would like to take advantage of our offer of a long-term lease, please fill out the information below and return it to the office at your convenience (before [Month] [Date], [Year]). The on-site staff will coordinate the preparation of your new lease and will contact you once it is ready for signature. A sample lease is available for those interested at the park office.
We trust all of you will take this offer under consideration. The park thanks you all in advance for your continued residency at Tustin Village.
Sincerely,
Abe Arrigotti
President
Sierra Corporate Management
Cut at the dotted line and return lower portion to the park office for processing.
Space Number:__________ Resident Name: ____________________
Phone Number: ____________________
Lease Term Chosen: 15-year _____ 20-year _____ 25-year _____