Who's The Enforcer?
As landlords, airport operators
are sometimes faced with tenants not paying the rent on time for offices
and warehouses, just like in the outside world and maybe even on the street
where you live.
The financial challenges in this unpredictable
business world of 2014 impact airlines and handling agents, airport concessionaires,
and other on-field related businesses.
That can at times translate into lost income
as companies go bust, and rents as well as costs must be written off,
either in part or entirely.
In Germany FRAPORT currently faces a non-paying
tenant of a special kind, according to a report published in the German
weekly DER SPIEGEL.
The German Federal Police (Bundespolizei)
effective September 1st, has served notice that it has stopped paying
rents and leases as well as authorizing expenditures for travel because
of a “budget freeze,” according to the vice president of the
Bundespolizei.
While eviction of the German Bundespolizei
by FRAPORT is rather unlikely, questions remain as to why the Federal
Republic of Germany, always the first to lecture other states on issues
of policy and orderly budgeting, seems unable to finance crucial law enforcement
costs even in times of record-high tax revenues?
We wonder—will FRAPORT send in the
bookkeeper and the airport lawyer to enforce evicting the non-rent paying
cops at the airport?
In any case, 2015 will be the first year
in 24 years that Germany will have a balanced budget.
So maybe after that happens, things will
get sorted and the political gamesmanship will end?
Jens |
