Functional replacement cost: Functional replacement cost can serve as a nice alternative to actual cash value, particularly for older buildings. This coverage will replace lost or damaged covered property with materials that serve the same purpose. Your independent insurance agent can advise on which...
You can calculate the total cost of a triple net lease in three steps: Determine the base rent. Calculate the property taxes, building insurance and maintenance fees. Apply the triple net lease formula: total cost = base rent + property taxes + building insurance + maintenance fees. What is...
Land transfer tax - add these amounts to the cost of the property Mortgage principal - you may be able to deduct interest, however. See Line 8710 - interest and bank charges Penalties - any that show up on your notice of assessment are not deductible Value of your own labour Personal ...
Add up the projected annual expenses associated with the property. All rental units come with operating costs. These include property taxes, hazard insurance, maintenance bills and property management fees. For example, suppose you pay $850 in maintenance, $750 in taxes and $800 in insurance per...
where the finished value of the project is projected to be much higher than the cost to acquire the property and to renovate it. They can also be used to give the owner time to find a tenant. Large bridge loans ($3 million+) are usually floating rate loans, tied to LIBOR. (Did you...
The owners should want and the lenders will definitely want insurance to cover the property in case of disaster. This should become effective once the funds are transferred. The lawyer will check that the buyer has organised this to take place. ...
My family owns a little retail property in a very nice part of Los Altos. This single tenant building has been leased to just three different tenants over the past 30 years - three successive beauty salons. If you want to get your hair done in the posh town of Los Altos, you just go...
Take their information and adjust yours depending on your property’s advantages and other factors such as property tax and cost of an insurance policy. You may refer to the formula in the next section.Step 4 – Determine whether your lease type is a Gross Property Lease or a Triple Net ...
where the finished value of the project is projected to be much higher than the cost to acquire the property and to renovate it. They can also be used to give the owner time to find a tenant. Large bridge loans ($3 million+) are usually floating rate loans, tied to LIBOR. (Did you...
ISN’T EVERYTHING – Many other photo business resources will mention that you should know your CODB (Cost Of Doing Business). There is even a calculator available from the NPPA to add up your monthly list of overhead expenses: mobile phone bill, studio rent, insurance costs, fuel, ...