The Great Room has adopted a revenue-sharing model that eschews traditional landlord-tenant leases. In the past, tenants have been required to pay rent for their share of utilities and other services, but not for any part of the building’s maintenance. And we’re the first to do so in the prime CBD in Singapore.” The landlord of the Afro-Asia i-Mark Building has taken on the expense of fitting out the space, which The Great Room said is an industry first in the co-working sector.
The Great Room has adopted a revenue-sharing model that eschews traditional landlord-tenant leases. In the past, tenants have been required to pay rent for their share of utilities and other services, but not for any part of the building’s maintenance. The landlord of the Afro-Asia i-Mark Building has taken on the expense of fitting out the space, which The Great Room said is an industry first in the co-working sector.