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Commercial tenants should be able to spend 5% to 10% of their gross sales per foot on rent. Your gross sales divided by the locations square footage will give you sales per square foot. For example, you estimate your business will make $300,000 per year in total sales, and you are looking at a 1,500 square foot space.
Can my girlfriend move in without being on the lease?
NO. Thats trespassing/squatting (depending on the state/local law). Its illegal and you can be charged with a crime. The extra person has to either move out or get on the lease as a signee and go through the acceptance process. Just because they are living there now does not mean they will automatically be accepted.
How does pre leasing an apartment work?
A pre-lease deposit is a payment made by the tenant to the landlord to reserve a rental unit before it becomes available for occupancy. This deposit serves to guarantee the availability of the rental unit for the tenant, ensuring that they have a place to live once the lease term begins.
What are the three types of lease agreements?
The three most common types of leases are gross leases, net leases, and modified gross leases. The Gross Lease. The gross lease tends to favor the tenant. The Net Lease. The net lease, however, tends to favor the landlord. The Modified Gross Lease.
What is a Blumberg lease?
A blumberg lease agreement is a standardized legal document obtained from a company called Blumberg for landlords and tenants to use to affirm a lease.
Double net lease The landlord/owner covers all maintenance and repairs. This is the most common lease type in a multi-tenant building. For example, if a tenant rents 10% of the building, theyre obligated to pay 10% of the insurance and property taxes.
What is the best commercial lease for a tenant?
Compare Commercial Lease Agreements Gross leases tend to benefit the tenant, whereas net leases are more landlord friendly. In a gross lease, the tenant has more control over how much is spent on such expenses as janitorial services and utilities.
Related links
The Yellowstone Injunction, or How to Vex Your Landlord
by D Frey 1992 Cited by 8 A commercial lease typically has a rider that expands the cure period to thirty or sixty days. While such a statute will not satisfy all
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