Hi Jenny,

I'm grateful for your feedback and help digesting all this. You're totally right, I misread this three-way lease gdoc as between sudo room and sudo mesh as lessee's with omni as lessor -- instead of being a lease with sudo mesh as lessee, while sudo room and omni are effectively a joint lessor.

I'm realizing omni provides two kinds of fiscal sponsorships -- some to separate entities, and some which indeed appear to indeed be wholly part and parcel of omni.

It appears only projects which are also separate entities must have leases, and as you relate, their fiscal sponsorship paperwork is intended to contractually intended to stand in for a lease (since an entity can't lease to itself.) There are obligations and terms in omni's leases, which aren't replicated in or otherwise differ from terms in the fiscal sponsorships.

It's a woolly subject because for example, some projects that are not separate entities, still do have their own insurance and/or bank accounts separate from omni, and not all of these non-entity projects are 'members' constituting omni with respect to delegates etc. With the recent data loss, its been tricky for me to piece back together what types of paperwork a given project 'should' have (or had) vs what isn't needed -- but I'm starting to understand better now.

Basically, Omni must carry a policy or set of policies which covers the activities of non-entity projects lacking their own independent insurance, and omni's insurance must apply not only within the premises, but also cover any activities such projects may do outside of omni as well.

Best,

David

On Wed, Oct 13, 2021 at 9:31 AM Jenny Ryan <jenny@jennyryan.net> wrote:

Hey DK! That's Sudo Mesh's lease, and we can't find the signed copy... Sudo Room has the fiscal sponsorship agreement I shared, which doesn't have renewal terms. For clarity on why we don't have leases with project-based fiscally-sponsored projects, probably give Jesse a call? It's been over four years since we bought the building and so I'm a little fuzzy on the legalese, other than the nonprofit entity can't have a lease with itself.

Cheers,

Jenny

On 10/13/21 8:56 AM, David Keenan wrote:
Update - I didn't realize Sudo Room's lease was combined Sudo Mesh's lease - we do have the gdoc version of this document c.2019, what we're now looking for is the signed version, if folks might be able to help locate that..?

Many thanks,

David

On Tue, Oct 12, 2021 at 4:20 PM David Keenan <dkeenan44@gmail.com> wrote:

Hi fellow sudoers,

Does anyone have a copy of Sudo's most recent lease with omni?

This is being asked in order to get all our paperwork in a row for new/cheaper insurance and for review by potential lenders -

The most recent lease w/ sudo that I could find is c.2016 w/ OOC (rather than OC), and I believe there normally would have been about two more rounds of leases since that time -

If someone knows whether a more recent lease exists, or can provide a copy, that'd be super great -

Thank you,

David
_______________________________________________
sudo-discuss mailing list
sudo-discuss@lists.sudoroom.org
https://sudoroom.org/lists/listinfo/sudo-discuss
_______________________________________________
sudo-discuss mailing list
sudo-discuss@lists.sudoroom.org
https://sudoroom.org/lists/listinfo/sudo-discuss