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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Realty Income is a net lease real estate investment trust (REIT), which means its tenants are responsible for most of the operating costs of the properties they occupy. The key for net lease ...
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
From stock market news to jobs and real estate, it can all be found here. ... Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000.
Owning rental properties means budgeting for repairs, dealing with city permits, and managing tenant turnover. He advises anyone using debt to finance a flip to set aside ample reserves for ...
With a partial taking of the land, the tenant may claim apportioned rent for property taken. For example, suppose a tenant leases land for six months for ¤1,000 per month, and that two months into the lease, the government condemns 25% of the land. The tenant will then be entitled to take a portion of the condemnation award equal to 25% of the ...
A 99-year lease is, under historic English law, since widely received abroad, the longest permissible term of a lease of real property.It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom.