Why there is no rent payment in July, 2008?
According to the lease contract, the rent will be paid bi-monthly in arrears. Belgravia, the GIP management company has agreed to pay the rent in advance for the first year, and from the second year and third year, the rent will be paid in arrears. So the rent for July and August 2008 will be paid in September 2008 instead of July 2008.