Dennis Norman
By: Dennis Norman
First off, my usual disclaimer…I am not an attorney and this is not intended to be legal advice or a legal opinion. I’m simply reporting on “news” that I think is interesting and relevant to apartment and condominium dwellers.
Some time ago, it seems around the early 90′s, I remember hearing from a friend of mine that owned hundreds of apartment units how much money he just received from a cable company by offering them the “exclusive” right to offer it’s services to his tenants. In other words, if you were a tenant in one of his apartments your only choice for television (other than broadcast TV that you could receive without the aid of an antenna on the building) was the cable company my friend the apartment-owner had selected. You would not have any other choices.
Apparently many condominium developments went the same route. The developer would enter into an exclusive agreement with a cable provider (or I assume a satellite provider) and then owners of units in that development would have no other choice. Read more…
Dennis Norman
By: Dennis Norman
First off, my usual disclaimer…I am not an attorney and this is not intended to be legal advice or a legal opinion. I’m simply reporting on “news” that I think is interesting and relevant to those investors out there that own apartment buildings or may be involved with condominium developments.
Some time ago, it seems around the early 90′s, I remember hearing from a friend of mine that owned hundreds of apartment units how much money he just received from a cable company by offering them the “exclusive” right to offer it’s services to his tenants. In other words, if you were a tenant in one of his apartments your only choice for television (other than broadcast TV that you could receive without the aid of an antenna on the building) was the cable company my friend the apartment-owner had selected. You would not have any other choices. While this arrangement didn’t offer much choice to the tenant it sure seemed like a windfall to the apartment owner to me.
Apparently many condominium developments went the same route. The developer would enter into an exclusive agreement with a cable provider (or I assume a satellite provider) and then owners of units in that development would have no other choice. Read more…
