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Welcome back to another video in the creative financing series. Pace and boom are excited and grateful for the opportunity to share valuable content with you. They encourage viewers to let them know if they are enjoying the series and promise to continue providing videos to help viewers elevate their creative financing game. A playlist in the video description organizes the series for easy viewing, and they recommend starting from the beginning and working through the videos chronologically to get the most out of the content.

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What are the different types of leases and how are they different from one another?

Types of Leases Single-Net Leases: In this kind of lease, the tenant is responsible for paying property taxes. Double-Net Leases: These leases make a tenant responsible for property taxes and insurance. Triple-Net Leases: Tenants who sign these leases pay property taxes, insurance, and maintenance costs.

Is free rent an expense?

Periods of free rent, rent abatements, and escalating payments are all factored into a straight-line rent expense calculation. For lease payments that escalate due to the tenant gaining access to additional assets, the expense will be recognized in proportion to the additional leased property.

What clauses should be included in a lease agreement?

What Types of Clauses Should Be Included? Severability Clause. Joint and Several Liability. Access to Premises (Right to Entry) Use of Premises. Rent Due Date and Late Fees. Sublet Rules/No-Subletting Clause. Renewal and Holding Over. Early Termination.

What is the most common type of commercial lease?

A Triple Net Lease (NNN Lease) is the most common type of lease in commercial buildings. In a NNN lease, the rent does not include operating expenses. Operating expenses include utilities, maintenance, property taxes, insurance and property management.

What are the types of lease?

The three main types of leasing are finance leasing, operating leasing and contract hire. Finance leasing. Operating leasing. Contract hire.

What 14 things should be included in a written lease?

Be Specific in Your Lease Terms Location of Leased Property. The Term of Tenancy Agreement. Rent Amount and Due Date. Deposit Required and Safekeeping Procedure. Lease Term. Tenant Rights and Responsibilities. Landlord Rights and Responsibilities. Disclosures and Current Condition Report.

What are the 3 main types of lease?

The three main types of leasing are finance leasing, operating leasing and contract hire. Finance leasing. Operating leasing. Contract hire.

What is the most common type of lease?

1. Single Net Lease. A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property.

Which are the two most common types of leases?

The two most common types of leases are operating leases and financing leases (also called capital leases). In order to differentiate between the two, one must consider how fully the risks and rewards associated with ownership of the asset have been transferred to the lessee from the lessor.

How do you use rent-free in a sentence?

Examples of rent-free in a sentence They refused work opportunities and prefer to live rent-free. There are schemes that allow people to live in a rent-free room with all bills paid. And many new signings live rent-free while looking for accommodation. An added advantage was that he could live there rent-free.

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