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A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
Location of Jasper County in Indiana. This is a list of the National Register of Historic Places listings in Jasper County, Indiana. This is intended to be a complete list of the properties and districts on the National Register of Historic Places in Jasper County, Indiana, United States. Latitude and longitude coordinates are provided for many ...
The length of the lease is also a determinant of value (e.g., 20 years of guaranteed income will be worth more 10 or 15 year terms). Generous rental increases, also known as rent bumps, add value to the lease and protect the landlord against inflation. Some leases also have a percentage rent kick in if the tenant's gross sales hits a certain CAP.
The most common form of real property lease is a residential rental agreement between landlord and tenant. [7] As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for informal and shorter leases. The right to possession by the tenant is sometimes called a leasehold interest.
Percentage rent, or a percentage lease, is a type of lease seen in commercial real estate. It is a rental charge based on the gross income of the tenant rather than a fixed monthly or annual value. In most examples, the percent rent only applies after a certain amount of base rent has been paid.
Union Township is one of thirteen townships in Jasper County, Indiana, United States. As of the 2020 census, its population was 1,588 (a tiny increase of 1,586 from 2010 [2]) and it contained 592 housing units. Union Township was founded in 1868. [3]