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How to Fine-tune Time Lease For Free

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In this YouTube video tutorial, Sean Rakidzich from Airbnb Automated shares two innovative ways to get free rent. The first method is accessible to anyone, requiring no special skills or qualifications. The second method is a new and unique approach that has recently emerged in leases. Sean encourages viewers to like the video for the algorithm, subscribe to the channel, and hit the bell for notifications. He promises upcoming time-sensitive content for the Airbnb family. Unlike traditional strategies like working as a property manager or live-in nanny, these methods offer a fresh perspective on obtaining free rent.

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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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How do you account for abated rent?

How do I calculate retroactive rent abatement? You divide the entire abatement over the entire lease term and then adjust rent expense or rent revenue accounts. In this way, the total rent expense or revenue decrease pro-rata.

What is it called when you get free rent?

Free rent, or rent abatement, is a common and widely sought-after concession in most commercial office leasing transactions.

What is a rent free period in Hong Kong?

There is no mandatory rent-free period prescribed by the law. Whether there is a rent-free period and the duration of the rent-free period depends on the agreement of the landlord and the tenant. In practice, rent-free period in Hong Kong can range from a couple of days to 23 months. 18 October, 2022.

How is free rent amortized?

A free rent period is a type of lease incentive that has a discrete cash value. For example, 2 months of free rent in a $1000/month space has a value of $2000. Any lease incentive of this type must be amortized over the life of the lease on a straight-line basis.

Does passing rent include rent free?

The passing rent does not take into account any rental income associated with a rent-free period currently active. It also excludes service charge income (which is netted off against service charge expenses). It is also known as a current gross rent.

What is direct asking rent?

Asking Rent Asking rent is the dollar amount asked by landlords for direct available space (not sublease), expressed in dollars per square foot per year in most parts of the country and dollars per square foot per month in areas of California and selected other markets.

How long is a rental period?

Most residential leases are for 12 months at a time, although some local landlord-tenant laws may allow for leases longer or shorter than 1 year.

What is rent free period?

A period at the beginning of a tenancy during which no rent is payable by the tenant.

How do you account for rent free period?

To account for these free periods, as well as subsequent periods, the essential accounting is as follows: Compile the total cost of the lease for the entire lease period. Divide this amount by the total number of periods covered by the lease, including all free occupancy months.

What is the difference between base or face rents and effective rents?

What is the difference between base or face rents and effective rents? Base rents reflect rent that will be paid per rentable square foot of leased space. It doesnt include additional items such as finish out costs, expense pass throughs, and other costs that are included when calculating effective rents.

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Discover how to Fine-tune Time Lease For Free in a few simple steps

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How to Fine-tune Time Lease For Free