A new art museum, library and performing arts center, and new sports facilities dot the area. The area also has a noted zoo and science museum and the Thunder NBA team. The University of Oklahoma in suburban Norman south of town brings a college town element. The oil industry still dominates the local economy, but the state government and an increasing base of small manufacturers and service businesses is starting to balance things out.
Guidance and application information relating to wet and damp leasing of aircraft. 1  Wet Leasing is defined under EU regulations as an agreement between air carriers pursuant to which the aircraft is operated under the AOC of the Lessor. Damp Lease is defined as a wet-leased aircraft that includes a cockpit crew but not cabin attendants.
A triple net (NNN) lease is defined as a lease structure where the tenant is responsible for paying all operating expenses associated with a property. The triple net or NNN lease is considered a âturnkeyâ investment since the landlord is not responsible for paying any operating expenses. With that said, in order to fully understand the NNN lease you must first understand the spectrum of commercial real estate leases.