A real estate contract is a contract for the purchase or exchange of land and property between parties. The contract can cover a purchase, sale, lease, or rental. It can be between two or more parties and is typically in writing. This type of contract follows normal contract law and ...
Skipping the 12-month lease agreement has perks, but be prepared to pay more for the extra flexibility.
What types of lease are there? Percentage Lease – in addition to a set rent, the tenant also pays a percentage of sales over an agreed-to threshold. Often encountered in retail leases and malls. Gross Lease – a.k.a. Full-Service Lease, whereby the rent is all-inclusive. The landlord...
Understanding lease escalation rates, how they are used, and how to automate the collection of the increased rent is critical to any commercial owner’s success. In fact, STRATAFOLIO, on average, uncovers over $21,000 every year in missed lease escalations. Learn more about lease escalations...
Estate planning is the process of arranging and forecasting for the allocation of an estate. Additionally, this process aims to reduce unpredictability and maximize the estates' value by minimizing taxes and any other expense. Estate planning is necessary to manage an individual's assets when they ...
Wrong! While many people think a duplex is two homes joined by a common vertical wall, that set-up is actually a "semi-detached" house. That's right, a duplex and a semi-detached house are different.By Jordan OtrhalekStudent-at-Law...
First, understand that there are many different ways to invest in real estate, and each of these avenues carries a different set of pros and cons. Residential single family properties. One of the most straightforward and accessible options is to invest in single family, residential rental properti...
While it is recommended to have a written lease, there are some examples of legally binding verbal leases. If you and your landlord have made a verbal agreement, it may be counted as an oral lease as long as it is “reasonable, equitable, conscionable, and made in good faith.”1 ...
Real estate:In real estate, lease options enable prospective homebuyers to rent a house with the opportunity to buy it later. This is the primary context of this article. Automobiles:Lease options are frequently employed for cars. Customers have the choice to lease an automobile for a predetermin...
How Expansion Options Are Applied in Real Estate From a real estate perspective, an expansion option will typically include restrictions and stipulations of any efforts by a tenant to make broader use of a property. For instance, time constraints might be instituted on any expansion projects, limit...