Rev & Tax's lease up in April

The sub-lease will end in April between PriceMart and the Department of R Revenue & Taxation.

January 16, 2011Updated: January 16, 2011
KUAM NewsBy KUAM News

by Mindy Aguon

Guam - The sub-lease will end in April between PriceMart and the Department of R Revenue & Taxation. According to the agency's acting director, John Camacho, they may be able to go on a month to month basis to use the facility, but of more concern is the master lease between PriceMart and JoeTen that expires in August.

"We invested a lot on this building, I think $1.5 million to do all these improvement and the government has paid it back," Camacho explained. "Having another year-to-year lease hopefully we can work something out with JoeTen in a reasonable fair rental value."

Camacho says they're current location is a plus, and eventually would like to own its own building.