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How to Extend Feature Lease For Free

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hi and welcome to accounting academy im Fitz and this is my dog FIFO we love to help people learn more about accounting so join us on our adventures as we dive into accounting topics on todays adventure we are going to be helping our friend Paul he recently modified some of his leases and has asked for help he owns a chain of veterinary clinics called Pet Vet get back here FIFO its just the vet Hey Paul how are things going. Hey guys things are going great but Im totally stumped on how I should account for a few changes to my leases. Well lets run through them see what we can do. Okay great the first clinic is doing a ton of business and we are expanding. I had a thousand square foot office and now Im adding another thousand square feet. However, the new square footage is being added to the contract at the current market rate which is higher. Okay I see so the cost of the expansion is more than the original square footage you had. Yeah thats corre

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can a landlord refuse an option to renew Malaysia?

If the option rests with the tenant to ask for a renewal, the landlord is obligated to agree under the terms of the option. If there is no option to renew in the agreement, then there is no obligation for either party to renew the lease.

Does a lease have to be in writing South Africa?

It is not a requirement for the lease agreement to be in writing. However, it is important to get it in writing as a verbal lease agreement may be difficult to prove if there is a dispute about it.

Does a lease automatically renew in Texas?

Yes, a lease can automatically renew in Texas. Leases may include an automatic renewal clause, which will state the procedure that the tenant and landlord must go through to renew the lease (if any).

Does Google Docs have a lease agreement template?

Does Google Docs have a lease agreement template? With our website, you can have an effective rental agreement and easily hand it out to your new tenants confidently simply by downloading our Rental Agreement Template in Google Docs.

Do you have to give 60 days notice at the end of a lease in Texas?

Texas law does not say how much notice must be given to a landlord if the lease is not a month-to-month lease. The amount of notice will depend on the terms of the agreement between the landlord and the tenant.

Can a landlord refuse to renew a lease in South Africa?

The Consumer Protection Act (CPA) requires the Landlord to give the Tenant written notice of not less than 40 days and not more than 80 days before the lease expires, to decide whether they are going to renew their lease agreement or not.

What are the 3 types of leasing?

There are three categories of leases when it comes to commercial real estate: Gross Lease (also known as Full Service Lease), Net Lease, and Modified Gross Lease.

What is a bargain renewal option?

What is a Bargain Renewal Option? A bargain renewal option is a clause in a lease agreement that gives the lessee the option to extend the term of the lease at a rate that is substantially lower than the going market rate.

Can my boyfriend add me to his lease?

Renting a place together and signing the same lease is the most common way that two people become cotenants. But you and your partner can become cotenants in another way, too. If you have a place and your landlord approves of an additional occupant, your partner can sign your original lease and become a cotenant.

Can a landlord refuse to renew your lease in Texas?

Generally (with a few notable exceptions, below), landlords and tenants do not have to give a reason for choosing not to renew a lease.

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