#1068 – An Expiring Business Lease, - Ang, mater, ESL Podcast McQuillan Jeff mp3+PDF
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//-->English as a Second Language Podcastwww.eslpod.comESL Podcast 1068 – An Expiring Business LeaseGLOSSARYlease– a rental agreement; a written, legal contract describing the terms underwhich a building, office, home, or apartment is being rented by the owner toanother person or business that will use it* Jim signed a one-year lease for a new apartment closer to his work.to be up– to have expired or ended; to be at the end of the duration ofsomething; to be done* Time is up! Please put down your pencils and bring the exam to the front of theclassroom.to negotiate– to try to reach an agreement with someone who has differentinterests and desires in order to achieve an outcome that both parties can accept* They’ve been negotiating the terms of the merger for months.to bring (something) up– to introduce a new topic of conversation; to mentionsomething that another person has not already mentioned* Have you brought up marriage in your conversations with Emily?landlord– the person who owns a building, office, home, or apartment and isrenting it out to someone else* This window won’t open. Let’s call the landlord and ask him to get it fixed.desperate– in a difficult situation with few or no options, and feeling fear andanxiety, especially needing help from another person* Shane has applied for more than 300 jobs, but he still hasn’t received an offer.He’s getting desperate.to renew– to extend something for another period of time* Library books are due in three weeks unless you renew them.to uproot– to move someone from a place where he or she is comfortable,established, and has strong relationships, to a place that is unfamiliar* Military families have to uproot their children every few years when they aretransferred to a different base.antagonistic dealing– hostile or aggressive interactions that emphasizeopposition or strong disagreement* The politicians were criticized for their antagonistic dealings with certain citizengroups.1These materials are copyrighted by the Center for Educational Development (2015). Posting ofthese materials on another website or distributing them in any way is prohibited.English as a Second Language Podcastwww.eslpod.comESL Podcast 1068 – An Expiring Business Leaseto jack up– to increase the cost of something significantly and very quickly* Should stores be prevented from jacking up the cost of essential items whenthey’re in high demand, like during natural disasters?rent– the amount of money paid each month for permission to live in a home orapartment or to operate a business in an office or building owned by someoneelse* The apartment on Fifth Street was our favorite, but the rent is almost twice asmuch as it is for the apartments that are farther from downtown.forced out– made to leave a place when one would prefer to stay* If our competitors keep taking our customers, we’ll be forced out of business.in the best interest of– benefitting someone; an ideal or very good situation forsomeone* It’s in your best interest to build good relationships with your classmates.Someday they may become valuable business partners.steady– constant; continuous; without changing; with a level amount* The company has seen a steady increase in sales over the past three years.tenant– a person who rents a property; a person who pays money to live in ahome or apartment that is owned by another person, or who pays money tooperate a business in an office or building that is owned by another person* Are the tenants taking good care of the home?a bird in the hand is worth two in the bush– a phrase meaning that it is betterto value what one already has than to risk losing that for the uncertain possibilityof getting something better* James is considering leaving his job, because he thinks he can find somethingbetter, but I told him to wait until he actually gets an offer. A bird in the hand isworth two in the bush.out with the old and in with the new– a phrase meaning that it is time to makea change, leaving old things or old ways of doing things behind so that one canembrace new things or new ways of doing things* Let’s get rid of this orange 1970s carpet and put in tile flooring. Out with the oldand in with the new!to stew– to think and worry about something, especially without involving otherpeople and without seeking help or advice* Stephen spent all weekend stewing over his presentation.2These materials are copyrighted by the Center for Educational Development (2015). Posting ofthese materials on another website or distributing them in any way is prohibited.English as a Second Language Podcastwww.eslpod.comESL Podcast 1068 – An Expiring Business LeaseCOMPREHENSION QUESTIONS1.a)b)c)2.a)b)c)Why does Jane want to renew the lease?Because she doesn’t think they’ll find another building at the same price.Because she really likes working with their landlord.Because she thinks it will be difficult to succeed in another location.Who pays the rent?The leaseThe landlordThe tenant______________WHAT ELSE DOES IT MEAN?to bring (something) upThe phrase “to bring (something) up,” in this podcast, means to introduce a newtopic of conversation, or to mention something that another person has notalready mentioned: “Sometimes teachers struggle to bring up bad behavior withtheir students’ parents.” The phrase “to bring (someone) up” means to raise achild, or to take care of a child and provide guidance while he or she is growingup: “Her parents died when she was a baby, so she was brought up by hergrandparents.” Finally, the phrase “bring it on” can be used as a challenge,showing that one is ready to deal with something that will be bad, challenging ordifficult: “You want to sue us? Bring it on. We have the best lawyers in town.”to stewIn this podcast, the verb “to stew” means to think and worry about something,especially without involving other people and without seeking help or advice:“Many business owners are stewing over the proposed increase in minimumwage and how it will affect their expenses.” When talking about cooking, the verb“to stew” means to cook meat and vegetables at a simmer (a low or gentle boil)for a long time: “If you stew the beef for several hours, it should become moretender.” And a “stew” is the thick, chunky, soup-like food made by stewing: “Theyserved a delicious stew with beef, potatoes, carrots, and onions.” Or, “Have youever stewed rhubarb with strawberries and a little sugar? It makes a deliciousdessert.”3These materials are copyrighted by the Center for Educational Development (2015). Posting ofthese materials on another website or distributing them in any way is prohibited.English as a Second Language Podcastwww.eslpod.comESL Podcast 1068 – An Expiring Business LeaseCULTURE NOTECommon Lease ProvisionsMost “commercial leases” (rental agreements for businesses) contain many“provisions” (clauses; agreements about what will happen under specificcircumstances) that the landlord and tenant must agree upon. For example,provisions might “stipulate” (state explicitly or very clearly) the amount andfrequency of rent payments, the “duration” (length of time) of the lease, and the“premises” (the exact location covered by the lease). An “escalation” clausespecifies when and by how much rent can be increased in the future. A“maintenance” clause specifies which types of “maintenance” (repairs; takingcare of the building) are the responsibility of the landlord, and which are theresponsibility of the tenant.Many leases contain provisions for “exclusivity,” meaning that only the tenantmay operate the business on the premise, and that the tenant may not “sub-lease” (accept money from another person to operate the business) to anotherbusiness. Leases can also contain clauses about competition, specifying that thelandlord will not rent “adjacent” (immediately next to) or nearby properties tosimilar businesses.In a “troubled economy” (a place and period of time with slow economic growthand many businesses closing), it is common to see “landlord solvency” clauses,which stipulate what will happen if the landlord’s “mortgage company” (thecompany that provides a loan to buy the property) “forecloses on the property”(takes the property away from the owner, because he or she has not madepayments on the loan).Finally, commercial leases might include a “renewal option” and/or a “purchaseoption.” A “renewal option” specifies whether and how the tenant will be allowedto “renew” (start again) the lease at the end of the “lease term” (the period of timethat the lease covers). A “purchase option” specifies whether the tenant will havethe “option” (choice) of buying the property when the lease “expires” (ends).______________Comprehension Questions Correct Answers: 1 – c; 2 – c4These materials are copyrighted by the Center for Educational Development (2015). Posting ofthese materials on another website or distributing them in any way is prohibited.English as a Second Language Podcastwww.eslpod.comESL Podcast 1068 – An Expiring Business LeaseCOMPLETE TRANSCRIPTWelcome to English as a Second Language Podcast number 1,068 – An ExpiringBusiness Lease.This is English as a Second Language Podcast episode 1,068. I’m your host, Dr.Jeff McQuillan, coming to you from the Center for Educational Development inbeautiful Los Angeles, California.Visit our website at ESLPod.com. Take a look at our ESL Podcast Store that hassome additional courses in Business and Daily English I know you’re going tolove.This episode is a dialogue about a business that has to renew or sign a newcontract or lease for a place that they rent. Let’s get started.[start of dialogue]Jane: Our lease is up at the end of this year and we need to negotiate a newone.Monty: I know, but if I bring it up first, the landlord will think I’m desperate torenew.Jane: We are desperate to renew. We’ve built our business here, and it would bereally difficult to uproot it and reestablish it elsewhere.Monty: I know, but given our antagonistic dealings in the past, I’m afraid thelandlord is going to jack up our rent and we’ll be forced out.Jane: It’s in the best interest of the landlord to keep a steady business leasing hisproperty.Monty: He might not see it that way. He might see this as an opportunity to bringin a higher-paying tenant.Jane: Or he may realize that a bird in the hand is worth two in the bush.Monty: Or he might think, “Out with the old and in with the new.”Jane: You won’t know until you contact him.5These materials are copyrighted by the Center for Educational Development (2015). Posting ofthese materials on another website or distributing them in any way is prohibited.
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